Friends Provident InternationalCapital redemption policies

Brendan Harper, technical services consultant, Friends Provident International The Inland Revenue rules governing the taxation of capital redemption bonds owned by UK companies were changed on 9 February 2005, and Brendan Fraser's presentation examined the changes, why they were made and how they affect the future of corporate planning. According to Harper, capital redemption bonds have been popular vehicles for corporate investors as they have allowed them to shelter income from taxation until that income is ready to be used. However, this has all changed following the Revenue's decis...