Understanding higher rate tax relief

At the time of writing, the Finance Bill was still passing through the committee stage. This restriction could be removed before the Act becomes law. The likelihood of this happening is, however, remote. Advisers with clients who might be affected by these provisions should therefore take time to familiarise themselves with the provisions and be aware of possible traps for the unwary. In this brief article I have assumed there are no significant amendments as the Bill passes the committee stages and final reading, and I have also assumed the interpretation Revenue & Customs has placed ...