Consultation outcome

Tax Simplification for Alternative Finance

• From: HM Treasury and HM Revenue & Customs
• Published: 16 January 2024
• Last updated: 30 October 2024 — See all updates

This consultation has concluded

Read the full outcome

Tax simplification for alternative finance: summary of responses

Ref: ISBN 978-1-917151-49-8

PDF, 540 KB, 16 pages

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Detail of outcome

On 16 January 2024, a consultation was published to seek views on reforms that would address the differences in tax treatment when a commercial or residential property is refinanced using alternative rather than conventional finance methods. The consultation closed on 9 April 2024, having received 22 responses. This document sets out the government’s response to the consultation, including the changes that were announced at Autumn Budget 2024. The document also provides a summary of the responses received.

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Original consultation

Summary

The government is consulting on proposals to reform the tax treatment of alternative refinancing arrangements.

This consultation ran from
10:30am on 16 January 2024 to 11:59pm on 9 April 2024

Consultation description

This consultation seeks views on reforms that would address the difference in tax treatment when a commercial or residential property is refinanced using alternative rather than conventional finance methods. It seeks specific views on proposed changes to the rules that address the Capital Gains Tax (CGT) liability that may arise when using alternative finance methods. It also seeks information on the extent to which capital allowances issues arise for those using alternative financing.

Documents

Tax Simplification for Alternative Finance: Consultation

PDF, 281 KB, 29 pages

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Published 16 January 2024
Last updated 30 October 2024 + show all updates

1. 30 October 2024

   Updated with consultation outcome.

2. 16 January 2024

   First published.