Tax Simplification for Alternative Finance
- From:
- HM Treasury and HM Revenue & Customs
- Published
- 16 January 2024
- Last updated
- 30 October 2024 — See all updates
Read the full outcome
Tax simplification for alternative finance: summary of responses
Ref: ISBN 978-1-917151-49-8
PDF, 536 KB, 16 pages
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Detail of outcome
On 16 January 2024, a consultation was published to seek views on reforms that would address the differences in tax treatment when a commercial or residential property is refinanced using alternative rather than conventional finance methods. The consultation closed on 9 April 2024, having received 22 responses. This document sets out the government’s response to the consultation, including the changes that were announced at Autumn Budget 2024. The document also provides a summary of the responses received.
Original consultation
Summary
The government is consulting on proposals to reform the tax treatment of alternative refinancing arrangements.
This consultation closesran atfrom
to
Consultation description
This consultation seeks views on reforms that would address the difference in tax treatment when a commercial or residential property is refinanced using alternative rather than conventional finance methods. It seeks specific views on proposed changes to the rules that address the Capital Gains Tax (CGT) liability that may arise when using alternative finance methods. It also seeks information on the extent to which capital allowances issues arise for those using alternative financing.
Documents
Tax Simplification for Alternative Finance: Consultation
PDF, 281 KB, 29 pages
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Updates to this page
Last updated 30 October 2024 + show all updates
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Updated with consultation outcome.
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First published.