Do your loan notes hold a nasty surprise?
Tuesday, January 11, 2011 | Posted by: Fiona Cullinan
Categories:
Business advice,
Tax
| Tags: entrepreneurs,
capital gains tax,
CGT,
buying a company,
loan notes,
QCBs,
corporate bonds,
deferred payment,
non-QCBs,
entrepreneurs' relief
With cash in scarce supply, loan notes provided an excellent method of deferring the cost of buying a company. But recent changes in tax laws mean that they are now less appealing and holders of existing loan notes are likely to be in for a nasty surprise, says Senior Tax Manager Nadine Elliott.
