Rules on deemed releases of loan relationships | KPMG | UK

Summer Budget 2015: Rules on deemed releases of loan relationships

Rules on deemed releases of loan relationships

There are provisions which can result in a taxable profit where either the consideration paid to purchase a loan from a third party is less than face value and afterwards the new lender and borrower are connected, or where there is a loan between two companies which are not connected and they become connected.

1000

Also on KPMG.com

Rules on deemed releases of loan relationships

These provisions have to be considered in the context of most acquisitions and refinancing and,typically, are relevant where the loan asset is impaired.

 
Read more

Connect with us

 

Request for proposal

 

Submit

KPMG’s new-look website

KPMG has launched a state of the art digital platform that enhances your experience and provides improved access to our content and our people, whatever device you are on.