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Tax Reduction

Chan Sit
Posted Sat, 30 Sep 2023 10:26:54 GMT by Chan Sit
Hi Officer, My employer's company loans a fund to me to buy a residential house in the UK. My employer and his company are located and registered in Hong Kong. For the interest that I pay to my employer, will I get a tax reduction? p.s. There is a formal loan agreement drafted by a UK lawyer. Many thanks, .

Name removed admin 
HMRC Admin 32 Response
Posted Thu, 05 Oct 2023 12:48:43 GMT by HMRC Admin 32 Response
Hi,

No. You may in fact have a charge.

Beneficial loan arrangements (480: Chapter 17)

Thank you.

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