Treatment of loans secured on foreign income or gains by remittance basis users

Published on: 22 December 2021

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Specialist Tax Regulatory Materials

Article summary

The Chartered Institute of Taxation has shared a note highlighting the changes in HMRC’s approach to the treatment of loans made to remittance basis users (RBUs) where assets of the borrower are held by the lender.

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

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