§ Mr. Hoosonasked the Chancellor of the Exchequer what is the practice of revenue when a person not resident in the United Kingdom for tax purposes sets up a platform company abroad so as to lend money at interest to the United Kingdom, but is not personally resident in the foreign country concerned; and whether tax reliefs or exemptions appropriate to the company are denied in these circumstances.
§ Mr. MacDermotWhether any relief from United Kingdom tax is due in these circumstances will depend on all the facts of the case and the terms of any relevant double taxation agreement.