The Government’s Response to the Independent Loan Charge Review

The Government has now published it response to the Loan Charge Review.

It is changing its treatment of pre-December 2010 loans and pre-2016 where full disclosure was made and no HMRC Enquiry launched. The position remains complex and each person involved still needs to sort their affairs out with the Revenue on a case by case basis. I suggest constituents affected should read the detailed Review and response and if necessary take professional advice on it. The Government also clarifies its position on terms and timings of payments, to seek to avoid anyone’s home being at risk.

The link to the Government’s full response is below:

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/854490/20191219_Government_response.pdf

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  • About John Redwood


    John Redwood won a free place at Kent College, Canterbury, and graduated from Magdalen College Oxford. He is a Distinguished fellow of All Souls, Oxford. A businessman by background, he has set up an investment management business, was both executive and non executive chairman of a quoted industrial PLC, and chaired a manufacturing company with factories in Birmingham, Chicago, India and China. He is the MP for Wokingham, first elected in 1987.

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