Oasis Capital has sought guidance from HMRC who confirmed that Oasis Capital is obligated to deduct 20% withholding tax and instruct its investors to claim any relief due to them directly from HMRC via their tax return.
Frequently Asked Questions
All payments of interest made by Oasis Capital are subject to the deduction of 20% withholding tax. Oasis Capital is required by legislation to deduct withholding tax at 20% and pay its investors the net proceeds of the bond.
As an example, if an interest payment of £1000 is due then £800 will be paid to the investor and £200 will be payable to HMRC, by Oasis Capital, on behalf of the investor.
The deduction of withholding tax is subject to any lawful and customary exceptions and is dependant on an individual investor’s own taxation status.
Investors who have any questions concerning the bond can speak directly with the company, by following this link Contact Us
£25 million bond subscription closes 3 months after opening or when fully subscribed
Yes. Oasis Capital may, in its absolute discretion, repay some or all of the bonds early.
No, the bonds have a fixed term, are not transferable and Bond Holders do not have the right to redeem their bonds prior to the Maturity Date.
Oasis Capital will take no fees or make any deductions or charges of any kind on the interest paid by the bond, but HMRC requires us to retain a 20% withholding tax for a UK tax-payer.
The bonds are suitable for Self-Invested Personal Pensions (SIPPs) subject to approval by the scheme trustees and administrators.
No, the Oasis Capital bond pays a fixed interest amount.