Tax increases for leveraged projects?
23 March 2016
The Chancellor made two announcements in his Budget speech on 16 March that should be of interest to investors and lenders involved in project finance transactions in the UK:
2. new restrictions will apply to reduce the extent to which tax losses can be set against future profits.
In each case the proposals will take effect from 1 April, 2017 and could prejudice the tax assumptions included in any financial model prepared or being updated in connection with a UK project financing.
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