TGS


Guidance: Hybrid capital instruments technical note

Updated: Paragraph 2.4, about a proposed amendment to legislation, has been added to the technical note.

The purpose of this technical note is to explain the new tax rules for loan relationships that are hybrid capital instruments.

This note has been updated to add paragraph 2.4. The new paragraph explains the government’s intention to amend legislation introduced in Finance Act 2019, to address concerns about the way it applies to instruments with a takeover or change of control provision.

https://www.gov.uk/government/publications/hybrid-capital-instruments-technical-note

seen at 16:35, 18 April in Publications on GOV.UK.
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