Changed to PFI rules expected in Budget

Big Four firm KPMG is expecting changes to rules concerning the sale of
leasing companies, which were announced in the pre-Budget.

The firm is expecting the chancellor to make adjustments to the rules on the
sale of PFI investments as current rules leave companies with a very large tax

Margaret Stephens, head of KPMG’s infrastructure and government tax
department, said: ‘Leaving the rules as they are could prevent contractors from
raising funds from completed projects and mean that there would be less money
available for them to take on projects.’

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