Tax. Simplified. | What do you need to know about the unallowable purpose rule?

In our latest Tax. Simplified. podcast, Tax Senior Associate Siv Devakumar and Associate Lewis Currie consider the recent case law developments on the unallowable purpose rule.
The unallowable purpose rule is a statutory test which is part of the tax rules relating to corporate debt - it can apply to disallow interest deductions for a UK corporate taxpayer if it's party to the loan in question for a main tax avoidance purpose. Siv and Lewis discuss the recent case law developments in relation to this rule and explain why these could be significant for taxpayers