Commentary

D8.358 Interest on withdrawn relief

Corporate tax
Corporate tax | Commentary

D8.358 Interest on withdrawn relief

Corporate tax | Commentary

D8.358 Interest on withdrawn relief

Interest is due on any assessment for withdrawn relief1 from the due and payable date for the tax assessed or, if later, the date of the relevant event. The relevant events are:

  1.  

    (a)     failing to satisfy the requirements as to qualifying investing companies or qualifying issuing companies;

  2.  

    (b)     disposing of the shares, the investor or other persons receiving value, and granting put or call options2.

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