OrbitaxUK Explains Amendments to Finance Bill 2016 Concerning the Patent Box, Capital Gains Tax Reduction and Hybrid Mismatches
|Proposed Changes|United Kingdom
On 1 September 2016, UK HM Treasury published explanatory notes for amendments to the Finance Bill 2016 concerning changes to the patent box, the capital gains tax reduction, and the anti-avoidance legislation for hybrids and other mismatches. The main amendments are summarized as follows.
Amendments 1-131 and 154-160 to Clause 65: Hybrid and other mismatches
The hybrid and other mismatches…
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