PwC

Tax & Legal

    • nivo slider image nivo slider image nivo slider image

Tax & Legal

Interest of British property LLP taxed in Germany as interest


The Supreme Tax Court has held that the interest income of a German-owned limited partnership in England is taxable in Germany as interest, and not exempt as trading income. The capital gain on the sale of the property is not exempt as taxable in the UK, merely because of the capital allowance claw-back.

Continue reading