There are a number of ways that finance can be raised to fund the expansion of a UK business:
- Ìý
•ÌýÌýÌýÌý via borrowing—in which case it is important that the person borrowing the funds obtains UK tax relief for interest paid, see UK2.10.1
- Ìý
•ÌýÌýÌýÌý via a risk finance investment scheme—available to companies only, in which investors subscribe for new ordinary shares and the investor receives UK tax relief on their investment, see UK2.10.2
UK2.10.1ÌýÌýÌýÌý Tax reliefs for borrowing costs to expand a UK business
The UK tax relief available for interest paid on borrowing taken out to expand a UK business depends on whether or not the business is incorporated.
Where the business is unincorporated, the individual is the person who borrows the money and the conditions for UK income tax relief need to be considered.
Where
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Web page updated on 28 Aug 2024 12:24