US Lenders to Benefit from UK's Double Tax Relief "Passport" Scheme | Practical Law

US Lenders to Benefit from UK's Double Tax Relief "Passport" Scheme | Practical Law

An update on the UK tax authority's "passport" system for new loan facilities, under which US and other foreign lenders can receive interest payments from UK borrowers with no (or reduced) UK withholding tax under an applicable double tax treaty.

US Lenders to Benefit from UK's Double Tax Relief "Passport" Scheme

Practical Law Legal Update 8-503-0696 (Approx. 2 pages)

US Lenders to Benefit from UK's Double Tax Relief "Passport" Scheme

by PLC Finance
Published on 17 Aug 2010England, Wales
An update on the UK tax authority's "passport" system for new loan facilities, under which US and other foreign lenders can receive interest payments from UK borrowers with no (or reduced) UK withholding tax under an applicable double tax treaty.