The measure

From April 2014, the income tax relief for interest paid on loans to invest in close companies and employee-controlled companies will be extended to investments in such companies resident throughout the European Economic Area (EEA).

Who will be affected?

Individuals who borrow to invest in close companies and employee-controlled companies resident in the EEA.

When?

From April 2014

Our view

This measure extends the existing income tax relief for interest on loans for investments in UK resident close companies and employee-controlled companies to equivalent companies resident in the EEA.




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