{"id":46269,"date":"2014-08-11T12:03:37","date_gmt":"2014-08-11T12:03:37","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=0572d3543aa21bb775cd29f652f1cd0f"},"modified":"2014-08-11T12:03:37","modified_gmt":"2014-08-11T12:03:37","slug":"commercial-loan-concession-axed","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=46269","title":{"rendered":"Commercial loan concession axed"},"content":{"rendered":"<div class=\"field field-name-body field-type-text-with-summary field-label-hidden\">\n<div class=\"field-items\">\n<div class=\"field-item even\" property=\"content:encoded\">\n<p>HMRC have withdrawn the concessional treatment for commercial loan arrangements where unremitted foreign income or gain is used as collateral.<\/p>\n<p>&#13;<\/p>\n<p>Money brought to or used in the UK under a loan facility secured by foreign income or gains will be treated from 4 August as a taxable remittance of the amount of foreign income or gains.<\/p>\n<p>&#13;<\/p>\n<p>If the loan is serviced or repaid from different foreign income or gains, the repayments of capital and interest will constitute remittances in the normal way.<\/p>\n<p>&#13;<\/p>\n<p>Revenue officials say the change was made after they saw large numbers of arrangements they did not consider to be &#8230;<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<div>\n<div>\n<p>HMRC have withdrawn the concessional treatment for commercial loan arrangements where unremitted foreign income or gain is used as collateral.<\/p>\n<p>Money brought to or used in the UK under a loan facility secured by foreign income or gains will be treated from 4 August as a taxable remittance of the amount of foreign income or gains.<\/p>\n<p>If the loan is serviced or repaid from different foreign income or gains, the repayments of capital and interest will constitute remittances in the normal way.<\/p>\n<p>Revenue officials say the change was made after they saw large numbers of arrangements they did not consider to be &#8230;<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/46269"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=46269"}],"version-history":[{"count":0,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/46269\/revisions"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}