Asset-backed contribution tax relief crackdown to net £2.6bn

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The government will save more than £2.5bn through a clampdown on "complex asset- backed funding structures" that allow firms to over-claim tax relief, says George Osborne.

The measures announced in the Autumn Statement will mean firms that set up an asset-backed funding vehicle can claim tax relief on assets contributed to it or payments received by the scheme, but n...

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