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Legal Briefing
Tax deductions in leveraged buy-outs: a storm is brewing
Practice Area: Enforcement and Regulation
Sector: Investment Banking
Jurisdiction: England & Wales
Published: 04 January 2012
Law Firm: Wragge & Co
Overview
The draft restriction on deductions of the financial costs incurred in the acquisition of equity shares has been definitively adopted by the National Assembly and will enter into force on 1 January 2012.
The new regime aims to exclude the financial costs relating to the acquisition of equity shares from the tax-deductible charges on the results of a holding company.
This briefing gives an overview of the new rules and a summary of the main provisions around Europe.
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