Sharia-compliant transactions: tax

This note provides an introduction to the UK's tax treatment of Islamic (sharia-compliant) finance or, as it is referred to in UK tax legislation, "alternative finance".

This note does not deal with VAT. For a discussion of the value added tax treatment of sharia-compliant products, see Practice note, Sharia-compliant transactions: VAT.

Gary Richards (updating the note originally prepared by Charles Goddard), Berwin Leighton Paisner LLP


 

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