HMRC have issued the promised consultation document on the loan relationship regime. I haven't had time to read in any detail but the bond funds and corporate streaming sections will be of interest to life companies and there are a couple of paragraphs on the implications for life companies of the proposed abolition of bond fund rules (i.e. getting rid of the rule that an AIF with > 60% of its investments in loan relationships is a loan relationship). First thought is that I don't like the proposals but I am a crotchety, old, small c conservative. Link below.
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