Limits on tax deductions for interest: debt cap | Practical Law

Limits on tax deductions for interest: debt cap | Practical Law

This practice note sets out the rules imposing a limit on the corporation tax deductions that UK members and branches of a worldwide group were allowed for interest (known as the "debt cap") for periods of account beginning before 1 April 2017.

Limits on tax deductions for interest: debt cap

Practical Law UK Practice Note 7-386-4223 (Approx. 66 pages)

Limits on tax deductions for interest: debt cap

Law stated as at 09 Jun 2021United Kingdom
This practice note sets out the rules imposing a limit on the corporation tax deductions that UK members and branches of a worldwide group were allowed for interest (known as the "debt cap") for periods of account beginning before 1 April 2017.