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


 

The full text of this resource is available by logging in or by requesting a trial. If you have any questions, please contact us or your Practical Law Account Executive.

Free trial

A free trial will give you:

Unlimited access to our online legal know-how services during the trial period
Full training and support
Six issues of Practical Law The Journal, the companion to Practical Law online
Weekly update e-mails on current legal developments in your practice area
 

Login

Subscribers and trialists can login below

Contact Us

If you need assistance logging in or have any questions about our services, please contact us.

{ "siteName" : "PLC", "objType" : "PLC_Doc_C", "objID" : "1247243537788", "objName" : "Sharia-compliant transactions tax", "userID" : "2", "objUrl" : "http://us.practicallaw.com/cs/Satellite/us/resource/4-201-9755?source=relatedcontent", "pageType" : "Resource", "academicUserID" : "", "contentAccessed" : "false", "analyticsPermCookie" : "25dc1f0ca:14836c19a5c:-49ec", "analyticsSessionCookie" : "25dc1f0ca:14836c19a5c:-49eb", "statisticSensorPath" : "http://analytics.practicallaw.com/sensor/statistic" }