Tax for banking lawyers
This practice note is a basic summary of the tax issues that frequently arise in respect of commercial lending transactions carried on by banks. Among other things, it considers distribution treatment for interest, withholding tax, stamp duty and VAT.
NOTE: This resource is being reviewed in light of the draft Finance Bill legislation published on 10 December 2014. For more information, see Legal update, Draft Finance Bill 2015 legislation: key business tax measures.