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Time to revisit debt for equity swaps? The impact of new guidance from HMRC

Overview

HM Revenue & Customs recently issued some revised guidance in relation to debt for equity swaps. This provides more clarity on how such swaps can be undertaken so as to ensure there is no tax charge in the debtor company arising from the released debt.


Wragge & Co's banking and finance team provide a summary of the changes and outline what these mean for those considering potential restructurings.


To read on, click 'View Briefing'.