Withdrawing relief for interest on loans to purchase life annuities - CIOT comments

By Technical Team on 27 Sep 2013

The CIOT comments, sent to HMRC on 27 September 2013, on this short consultation that follows the OTS’ recommendation to withdraw the relief for interest on loans to purchase life annuities thereby enabling the repeal of a considerable amount of legislation with little anticipated taxpayer hardship.

Our submission and the consultation document are available in Adobe (pdf) format.

Technical Team
27 September 2013

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