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Immediate Clampdown on Debt Buy-Backs


by Ian R. Reid View Biography
Charlotte L. Sallabank View Biography
Jones Day View Firm Credentials
London Office

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November 5, 2009

Previously published on October 2009

The Government have announced in a Written Ministerial Statement that changes will be made in next year's Finance Bill, with effect from 14 October 2009, to amend the UK tax rules applying where existing debt is purchased at a discount by a company connected to the debtor.


 

The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance.


 

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