loan note interest tax treatment uk

(e.g. [+/H@I)0EnOF9$4ZEWC@b+96?\@/thM/c[!o<<.+@+95sQD?+AND#b[Y@/sg<+966YB`N#NB`MuM+96QbAH6TJB`MQAD#c*e+96B]FT?+UEr[<_D?+STEr^:^EWC4^A,m_PAH6rTAH6`N@fU3CF9#_LF9$"TDZFYT+96NaC]J8O@/t-E@fUEI+963X@/sa:DZFeXB`N2S+969ZB`N2SB`K7UFT?L`+95gMC]J/LE<(+]B`N)P+95sQGQ8idAH6-=+95mODZFVSD#eJSA,pNJ+95mODZFYTEr]bOE<(+]@/tBL/c[!o6i_?0B`N2S+95gMFT?L`AH3hQB`N/RFT?F^AH3hQA,pNJC]JAREW@3^B`N#N+96E^AH6ZLEWBYNBE2TDD?+2IAH6`NB`N5T+96*UD? Jack redeems his loan notes in Acom over five years, releasing a gain of just over 25,000 each time. **Free trials are only available to individuals based in the UK. Because interest is always calculated on the outstanding unpaid balance, the . From that date, payments of interest and royalties by UK companies to associated companies resident in the European Union are subject to WHT unless relief is available under the applicable DTT (and subject to the conditions and limitations of that treaty). Dont worry we wont send you spam or share your email address with anyone. This article should not be considered as advice from Business Expert. 131,143,852,343,text,('#-N(B>6O(B>6O(B=mE This is because when a redemption premium exceeds a low bar (broadly 0.5% per year) the loan can be classed as a qualifying corporate bond (QCB). There is generally no requirement to deduct WHT from dividends. 69,103,932,243,text,;ugV4F9$+WAH4=_+95(8DZFeXAH6QI+96*UDuaqZFT?7Y+95pPDZFSRDZFeX+96H_B`N5T+95gMD#e,IF9!il+95mODZFYTEr]bO@fUTNAH6fPFT?F^+95gMA,phM/cZ=\;ZLn>@/tBLFT?I_3WL9&9`ST%B`N#NF9#_LB`N#NAH66@+93MaHiP8h+95"6FT?F^B`N2SA,p?N=mBB)l9=1]V"cDua5FDuaqZ/c]G_DuaqZ This is in order to prevent abuse of the capital gains tax exemption. from application/x-indesign to application/pdf Instead the interest expense will form part of the new groups CIR calculation which can lead to unintended interest restrictions for the purchaser. To the extent that a transaction between associated persons has not taken place on an arms length basis, then the UK transfer pricing rules require an appropriate profit adjustment to be made. Investing in loan notes may be a way to lend money to companies in profitable areas who are willing to offer much higher rates of interest than almost anywhere else. endstream endobj The loan is currently repaid on a monthly basis to my client. To the extent there is an adjustment required the lender may, depending on the facts, be able to claim a compensating adjustment. Getting started with client engagement letters, A fool-proof marketing strategy for accountants, How digitalisation will help grow your practice, Filing options for small companies up for change. Loan notes may be used in a variety of scenarios. **Free trials are only available to individuals based in the UK. It is not intended to be accessible by individuals whose natural means of capital gains relief on a disposal would be business asset disposal relief. [+/H@I)0EtQ+969ZDZFYT+96K`AH6NHC]JSXEr[<_DZFeX@fU3C+95gM@fRVO@/tEM@fUTNDZFeX+95gMFT?%SFT>tQ+966Y@/tEMEWBeREr[<_@/tEMB)m&SAH3hQD?+5JE<(+]AH4=_+94h1C]J#HD#e,ID?+bYFT?7Y+96!R@/sd;B`MrLB`N2SB`N2S+963XAH6WK+96QbAH6NH+96!REWBeRD?+;LB`MrLC]IlD/c[!o@/t*DB`N,QFT>hMD#c0g+954hMF9!E`B`MZD+96?\DZFeXF9#_L+969ZB`MTBBE0.TFoZ(RD?+5JD?+)FF9$"TEr[fm+95@@DZFeXF9$4ZEW@3^@/t*DB`N,QFT>hMD#b[YD?+eZC]J8O@/qDMAcQ6>@fU3CC]J/LEr]nS+95mOEWBMJEr[<_AcQBBEWBqVAH6TJF9$F`D#b[Y@fUEID?+h[@/t*DC]J/LEr[fm+95+9DZFeX@K:*B+96K`AH6QIDub"\Er[<_B`MQA@fUWOC]J/LEr[<_FT?F^D?+)F+96*UA,m_PFoZF\C]JSXF9$7[@/tBL+963X@/sd;FT?I_+963X@/t3GEWBYNAH6fP+969ZDZFYT/c[!o6ND$)D#eDQDZF;JDZCm[FT?4XC]IlDD#e&GDZFeXDuaGLEW@3^@/qDMC]IlD@fUWOEr[<_FoZ(REr^:^B`MTBFT?4XFT?7Y+96H_AH66@+95gMEWBSLFT=#o+95CAEWBtW@/qDM@fUEID?+2IB`MuMAH6TJF9$F`D#b[YD#duEF9$C_B`N2S+96?\AH6NHC]J#HD?+bYAH6cOE<(+]AH3hQB`MZD+969ZB`MTBBE0.TF9$4ZEWC1]DZFeX+96*UA,m_P@/t*DB`N,QFT>tQF9!on+94k2@/t-EAH6cO+95gM@fRVOF9$F`EWC%YB`N2S+95sQB)lKCEr^:^@/t?K+966Y@/sj=@fU'?D?+)FEr[fm+954tQ+966Y@/t?KEr]VK+96?\C]IlD@fU'?EWBMJF9!E`A,p`PB`N2S+96NaC]JPWEWBeR@fU3CAH6cO+963X@/sd;FT?I_/c[!o5lb^$B`N,QFT>tQF9!E`EWBeREr^=_Er[<_AcQBBFT?%SB`MQAF9!E`B`N#N+95gMD?+bYAH3hQD#e,IF9$F`Er[<_A,ptQEWBYN+96H_DZFSRC]J/L@fU3CF9$F`A,phMD#c0g+94t5DuaqZFT?7Y+95pPDZFSRDZFeX+96H_B`N5T+95gMD#e,IF9!E`@fUEID?+_XAH63?F9#kPF9$F`EW@3^@/sgtQ+96'T@/sa:B`N5T@/t0FF9!on+94h1F9!E`D#eJSC]J#HEr^:^B`M]E+95gM@fRVOAcQBBFT?%SB`MQAF9!E`Er]bOA,n4^+95CAEWBtW@/qDMDuaeVEWC1]F9$"TF9$4ZEW@3^EWBbQDZFYT@fUWOEr[<_A,pNJC]JAREW@3^Dub"\EWC4^Er[<_D?+STD?(dZAH6TJB`MuM+96?\EWBMJAH6cOAH6TJF9!E`AH6NHAH6QIAH6TJF9$F`D#b[YAcQ6>@fU3CC]J/LEr]nSEr[fm+95@@AH6QIDuaeVEW@3^DZFeX@fU3C+95pP@/t6HB`MTBFT?I_+96NaC]JPWEWBeR@fU'?Er[<_B`N#N/c[!o;ugJ0C]J8OFT?I_+96?\AH6NHC]J#HD?+bYAH6cOE<(+]AH3hQ+96K`B`N#N@fU3CA,p`PD?+bY+96K`DZFeXF9$4ZEW@3^@/t*DB`N,QFT>hMD#b[YD?+eZC]J8O@/qn[%0/p!AH6-=A,ptQEr^:^B`N&OD?+_X+92iN70%E0+96K`DZFeXF9$4ZEW@3^@fUEID?+_XAH6]MFT>hMF9!E`B`MZD+96?\DZFeXF9#_L+969ZB`MTBBE0.TFoZ(RD?+5JD?+)FF9$"TEr[fm+95+9DZFeX@K:*B+96K`EWBeREr^:^B`N,QFT>tQ+96H_AH6TJAH63?F9$F`Er[<_AH6fP+969ZAH6fPFT?I_+95sQF9!E`D#duEC]J#HEr^=_@/sg<@/qDMAcQ6>D#e,IEr[fm+94t5A,m_PDuaeVEWC1]@/qDMD?+AN@K:'A+96QbAH6TJAH6TJ@/tBLB`N2S+95mOEWBMJEr[<_Er]bOA,m_PAcQBBC]J/LEr[<_AH6?CAH6fP+96QbAH6NHB`N5T+95gMC]J/LE<(+]AH6fP/c[!o70%E0+96NaC]JPWEWBeR@fU'?Er[<_D?+5JE<(+]AH3hQDZFeXD?+)FEWBYN+95gMAH6TJAH6-=D? As discussed in more detail above, WHT applies only to 'annual interest' (i.e. Error! 68 0 obj <>stream Prior to 1 June 2021, payments of interest and royalties made to EU resident associated companies were also exempt from, The transactions in securities (TiS) legislation is anti-avoidance legislation aimed at situations where close company shareholders have engineered a disposal of shares to obtain a beneficial capital gains tax (CGT) rate, ie avoid income tax, on specified transactions.The targeted anti-avoidance, Areas of Taxation (select all that apply), I confirm I am a tax and accounting professional and intend to use TolleyGuidance for business purposes and agree with the, Produced by Tolley in association with Vince Ashall, Produced by Tolley in association with Anne Fairpo, Tax implications of trade and asset sales, Preparing the group for sale or acquisition, Tax treatment of earn-outs and deferred consideration, Pension contributions on sale or cessation, Transactions in securities and the Phoenix TAAR outline of regime, Transactions in securities and the Phoenix TAAR on a company sale or winding-up, Comparison of share sale and trade and asset sale, Protecting human rights: Our Modern Slavery Act Statement, Loan notes and qualifying corporate bonds (QCBs) and non-QCBs, QCB gains and business asset disposal relief, Restrictions on deductibility of interest, Ready-made templates, step-by-step-guides, interactive flowcharts and checklists, The latest news updates, insights and analysis. There are several types of coding notice, as detailed below. Connected parties could arrange their affairs to take advantage of this mismatch. The United Kingdom had incorporated the IRD into domestic law in a way that did not rely on the UK being a member of the European Union to continue to be effective, so UK companies initially continued to be able to pay interest and royalties without deducting WHT in circumstances where the IRD would have applied. This can lead to the lender having a tax cost but with no cash to settle the cost and so care needs to be taken to understand the tax position on both sides of the transaction. Where the debt has always represented a normal commercial loan in sterling, and cannot be converted or redeemed in another currency it qualifies as a QCB, and will hence be afforded Capital Gains exemption. excluding interest on certain short-term loans). In particular, non-resident companies that are subject to UK tax on UK-source rental profits (, ) will find their letting agent or tenants are obligated to withhold the appropriate tax at source (currently 20% without any allowances) from their rental payments unless the recipient has first applied and been given permission to receive gross rents under the. Please try again. However, an intention to deduct BPR from the value of qualifying assets must be indicated on the inheritance tax account form IHT413. Protecting human rights: Our Modern Slavery Act Statement, Securities that are not corporation tax deductible, Introduction to management buy-outs (MBO), Other structuring considerations funding for the transaction, Other structuring considerations stock stapling, Tax analysis of a liquidation demerger overview, Business property that may not qualify for BPR, Business that are not trading (the excluded business rule), Purchaser tax implications on acquiring a company, What is meant by a loan relationship practical approach, Whether the debt is a loan relationship practical approach, What is meant by a loan relationship illustrative scenarios, Illustration 1 relevant non-lending relationships, Illustration 2 payments made under a guarantee, Application of basic rules and introduction to corporate reliefs, Relief for transfers between associated companies (group relief), Relief for insertion of new holding company (HoldCo), Ready-made templates, step-by-step-guides, interactive flowcharts and checklists, The latest news updates, insights and analysis. It is signed by the issuer and the note holder, and constitutes formal evidence of the debt. One of the most important exceptions is where the relevant loan relationship is between 'connected companies'. However, there are a number of exceptions to this general rule. Please contact for general WWTS inquiries and website support. The cookies is used to store the user consent for the cookies in the category "Necessary". Always seek professional financial advice specific to your circumstances from an authorised individual. See the Stamp duty basic rules guidance note for an introduction to the stamp duty regime.However, stamp duty legislation also includes important reliefs which apply in relation to particular corporate transactions.The most commonly encountered reliefs are:associated company relief (known as group relief)relief for insertion of a new holding companyreconstruction reliefThese are explained in further detail below.There are also reliefs applicable for transfers to recognised intermediaries, repurchases and stock lending, and transfers to charities.In contrast to transactions which are exempt from stamp duty, even where reliefs eliminate the stamp duty liability in full, the transfer document will still need to be sent to HMRC for adjudication and stamping. It's a formal loan arrangement where my client has made available a loan to the participant. endstream endobj 3 0 obj <> endobj 5 0 obj <>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[8.50394 8.50394 603.78 850.394]/Type/Page>> endobj 6 0 obj <>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[8.50394 8.50394 603.78 850.394]/Type/Page>> endobj 7 0 obj <>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[8.50394 8.50394 603.78 850.394]/Type/Page>> endobj 8 0 obj <>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[8.50394 8.50394 603.78 850.394]/Type/Page>> endobj 9 0 obj <>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[8.50394 8.50394 603.78 850.394]/Type/Page>> endobj 10 0 obj <>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[8.50394 8.50394 603.78 850.394]/Type/Page>> endobj 11 0 obj <>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[8.50394 8.50394 603.78 850.394]/Type/Page>> endobj 12 0 obj <>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[8.50394 8.50394 603.78 850.394]/Type/Page>> endobj 34 0 obj [37 0 R 38 0 R 39 0 R 40 0 R 41 0 R 42 0 R 43 0 R] endobj 35 0 obj <>stream Loan notes are classified as a financial promotion as per Section 21 of the Financial Services and Markets Act. F bf%vE{'xmEQZQI.L!j6Nu47SKPe>}2U`Va"hYeXlaI_R As such, loan notes have been a huge area of growth for property developers and businesses. This restriction applies if the company or groups total UK net tax interest expense is greater than the 2 million de minimis amount. scheme. endstream endobj You also have the option to opt-out of these cookies. Payments of 'short' interest. (dZ;?18.FT?L`AH6`NEr[<_9E8u2B)liM?N?N=mBB)l9=1]V"cDua5FDuaqZ/c]G_DuaqZ, 69,921,949,945,text,6ND$)Dub.`EWBeRB)lTFF9!E`W;n%@;ugS3DZFVSEr^+YD?(dZ;?18.FT?L`AH6`NEr[<_6NCNpD?+)FA,p$<+95(8B`MuMB`N5TAH66@+96<[EW@3^B`N5TEr[<_C]J/L@fU'?D?+_XDZFeXEr[fm+94\-C]J8O+96E^B`McGBE3,SEr[<_EWBYNEr]bOEWC7_AH66@/c[!o<<.(?AH3hQDZFAL+954Er]nSF9#kPEr[<_$34K7D?+2ITE'$5AH6`NFoZ4V@fU'?Er[<_B`N2S+96H_FT>kNC&hfF@fUTN+96K`DZCm[F9#tSAH3hQF9#kPEWBqVEr[<_DZFAL+96NaEr]bO+95gMD?+2I+954AH6iQF9#kPEWC.\+95(8AH6?C@/t*D+95=?DZFSRFT?L`B`N&OD? This can lead to an unexpected tax charge for those that are not familiar with this rule. Practice note, Loan notes in share deals: tax FAQs. HMRC will scrutinise applications carefully and thorough checks should be made before sending the application that all required documentation is enclosed and any confirmations and certifications are made by the appropriate individual(s). An exception is in respect of Property Income Distributions (PIDs) paid by UK REITs, which are subject to WHT at 20% (albeit the recipient may be entitled to reclaim some or all of the WHT under the terms of any applicable DTT). Under UK domestic law, a company may have a duty to withhold tax in relation to the payment of either interest or royalties (or other sums paid for the use of a patent). ;4+Dh=(8>O?&G=tchQYVJ&Vco!9+BDU9Rd/Y/O\(W(Uc948P.,*08R4U9XU:`E)tte%b"-+8H\edhR)jh)kU=+o_P)C],thIZ;gkjcU_](;J<5GNdjEr`LEE!0M'q0irg`e%b"-+8H\edhR)jh)kU=+o_P)C],thIZ;gkjcU_](;J<5GNdjEr`LEE!0M'q0irg`e%b"-+8H\edhR)jh)kU=+o_P)C],thIZ;gkjcU_](;J<5GNdjEr`LEE!0M'q0irg`e%b"-+8H\edhR)jh)kU=+o_P)C],thIZ;gkjcU_](;J<5GNdjEr`LEE!0M'q0irg`e%b"-+8H\edhR)jh)kU=+o_P)C],thIZ;gkjcU_](;J<5GNdjEr`LEE!0M'q0irg`e%b"-+8H\edhR)jh)kU=+o_P)C],thIZ;gkjcU_](;J<5GNdjEr`LEE!0M'q0irg`e%b"-+8H\edhR)jh)kU=+o_P)C],thIZ;gkjcU_](;J<5GNdjEr`LEE!0M'q0irg`e%b"-+8H\edhR)jh)kU=+o_P)C],te6E7&>:_cr+!O)Q5Xl?M&?&H6/Ft2iYfW28Y@]m[UMRsUH.dU0fX0G`8Y/ORU%]*C)$6IqA"Bn*e,?Q*6p66VX6a.PEnZ.,b_d9sFUuH5/<=QKYl*V9fP!\hZ>jGPsVbhQYE*gb5X)pg7f'HDhX0G`8Y/O\(]+oK=lrD]=YubD;`EeA5'm;(nO8^93W[eg-.dU0fX0G`8Y/O\(]+oK=lrD]=YubD;`EeA5'm;(nO?&H6/Ft2iYfW28Y@]m[UMRsUH.dU0fX0G`8Y/O\(]+oK=lrD]=YubD;`EeA5'm;(nO?&H6/Ft2iYfW28Y@]m[UMRsUH.dU0fX0G`8Y/O\(]+oK=lrD]<(JOi/Nbt]l@#t:0\>h%oFt2iYfW28Y@]m[UMRsUH.dU0fX0G`8Y/O\(]+oK=lrD]=YubD;`EeA5'm;(nO?&H6/Ft2iYfW28Y@]m[UMRsUH.dU0fX0G`8Y/O\(]+oK=lrD]=YubD;`EeA5'm;(nO?&H6/Ft2iYfW28Y@]m[UMRsUH.dU0fWY\A/!01oor*YTb+LnF%'m;(nO?&H6/Ft2iYfW28Y@]m[UMRsUH.dU0fX0G`8Y/O\(]+oK=lrD]=YubD;`EeA5'm;(nO?&H6/Ft2iYfW28Y@]m[UMRsUH.dU0fX0G`8Y/O\(]+oK=lrD]=YubD;`EeA5'm;(nO?&H6/Ft2iYfW#`]rrA'rVu0q`rZJ_N.i!4WlrD]=YubD;`EeA5'm;(nO?&H6/Ft2iYfW28Y@]m[UMRsUH.dU0fX0G`8Y/O\(]+oK=lrD]=YubD;`EeA5'm;(nO?&H6/Ft2iYfW28Y@]m[UMRsUH.dU0fX0G`8Y/O\(]+oK=lrD]=YubD;`EeA5'm;(nO8^93W[eg-.dU0fX0G`8Y/O\(]+oK=lrD]=YubD;`EeA5'm;(nO?&H6/Ft2iYfW28Y@]m[UMRsUH.dU0fX0G`8Y/O\(]+oK=lrD]=YubD;`EeA5'm;(nO?&H6/Ft2iYfW28Y@]m[UMRsUH.dU0fX0G`8Y/O\(]+oK=lrD]=s4I Lower rate applies to industrial, commercial royalties. In our view, section 75 of the Income Tax Act (the Act) cannot be applied in isolation and the deductibility test for interest expense and the other anti-avoidance provisions on interest expense should be considered to determine the appropriate tax treatment. What is the tax treatment of loan note interest? For a standard document convertible loan note instrument, see. UK domestic law generally charges WHT on patent, copyright, and design royalties, although there can be definitional uncertainties. By continuing to browse this site you agree to the use of cookies. Higher rate applies if recipient controls more than 50% of payer. Investor loan notes are typically issued in a private equity transaction (for example, 67 0 obj <> endobj 69 0 obj <>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/Properties<>/Shading<>>>/Rotate 0/TrimBox[0 0.054999 595.2199 841.945]/Type/Page>> endobj 70 0 obj <>stream Therefore, a cash method creditor holding a PIK note is required to include current interest into income regardless of when it receives cash payment. We use some essential cookies to make this website work. Replying to atleastisoundknowledgable: Discover the Accounting Excellence Awards, Explore our AccountingWEB Live Shows and Episodes, Sign up to watch the Accounting Excellence Talks. loan notes, see Practice note, Loan notes in share deals: tax FAQs. *JrrD$dMP@@W@]m[UMRsUH.dU0fX0G`8Y/O\(]+oK=lrD]=YubD;`EeA5'm;(nO?&H6/Ft2iYfW28Y@]m[UMRsUH.dU0fX0G`8Y/O\(]+oK=lrD]=YubD;`EeA5'm;(nO?&H6/Ft2iYfW28Y@]m[UMRsUH.dU0fX0G`8Y/O\(^]2s The tables below set out the rates of WHT applicable to the most common payments of dividends, interest, and royalties under UK domestic law where such a liability arises and the reduced rates that may be available under an applicable DTT. In particular, non-resident companies that are subject to UK tax on UK-source rental profits (see the Taxes on corporate income section for more information) will find their letting agent or tenants are obligated to withhold the appropriate tax at source (currently 20% without any allowances) from their rental payments unless the recipient has first applied and been given permission to receive gross rents under the NRLscheme. Broadly, this is to ensure that the quantum of the loan amount and the interest rate charged are similar to those that would apply on an arms length transaction. However, the definition can be contentious, and detailed advice should be taken on this if intending to utilise this exemption. For a more detailed description of the steps involved in a liquidation demerger, see the Demerger via a liquidation overview guidance note.A high-level overview of the steps and related tax implications are as follows:StepDescription of stepTax implications shareholder levelTax implications corporate level1Insert a new holding company (Liquidation HoldCo) above the current holding company by way of a share for share exchange or (for public companies) via a court-approved scheme of arrangementProvided HMRC accepts that the share exchange is driven by commercial reasons (confirmed, TakeoversWhen one company acquires control of another company, this is called a takeover. (dZ@/ttQ+95pPB`MQAD#b[YFoZF\C]JSXF9$7[@/tBL+95mODZFVSD#eJSA,pNJ+96H_AH66@/c[!onOF9$F`Er[<_@/sd;@fUWOD#eVW@/t0F+96K`DZFeXF9$4ZEW@3^DuaeVEr^=_AH6`NAH3hQ@/sd;+96NaF9!E`@fUEID?+_XAH6]MFT>hMF9!E`Er]bOD#eMTAH6`N/c[!o;ZL5+B)lWGF9$C_B`N2S+96<[EWBSLB`K7U@/qDMEr]\MAH6NHAH6`NB`N2SE<(+]AH3hQDub"\EWC4^Er[<_Er]bOD#eMTAH6`N+95sQB)lKCF9!E`A,p`PB`N2S+95gMF9!on+94\-F9!E`F9#kPD#eMTDZFeX+95mODZFVSD#eJSA,pNJ+96NaC]J8O@/t-E@fUEIEWC%YAH6`N+95gM+963X@/sd;FT?I_+96QbAH6cOF9$"T@K:NNC]JSXD#c0g+94b/DZFYTEr]bO@fUTNAH6fPFT?F^+95gMA,phMD#b[YDub"\EWC4^Er[fm+95FBAH6cOF9$"T@K:NNC]JSXD#b[YD#eJSEWBPKB`K7U@K:3E@/t0FA,ptQ+96B]FT?+UEr^1[FT>tQ+95sQB)lKCEr^:^@/t?K/c[!ohMF9!E`D#duEFT?F^B`N2S+969ZFT?:Z@fRVO@fUEID?+;LFT>tQ+969ZB`N2SB`K7UFoZ4VF9#_LAH4=_+94\-D#e,IF9!E`@/t*DB`N,QFT>hMD#b[YB`MZD+95pPB`MQAD#b[YD#duEAH63?AH6TJ@/t?K+96NaC]JPWEWBeR@fU3CAH6cO+966YB`K7UAH6?CAH6fP/c[!o70%E0+969ZAH6fPFT?I_+95sQF9!E`D#duEC]J#HEr^=_@/sg<@/qDMAcQ6>D#e,IEr[<_@/sd;+96K`FT?F^DuaSPEr[<_AH6?CAH6cOF9#_LEr[<_B`N#NF9#kPB)lKCEW@]l+954tQ+95sQB)lKCEr^:^@/t?K+95pPB`MQAD#b[YB`N#N+95gMEWBSLFTFT>nOB`MTBFT?I_+95gM+96?\AH6NHC]J#HD?+bYAH6cOE<(+]AH3hQEr]nSF9!E`@/t-EAH6fP+96?\DZFeXF9$C_B`N5TDZFeX+95sQB)lKCF9!E`A,pNJC]JAREW@]l+95FBAH6NH+96K`FT?F^DuaSPEr[<_D?+eZD?+/H+95sQB)lKCF9!E`C]JAREWBYND#b[YA,pNJC]JAREW@3^Er]bOA,m_PFoZ4VFoZ(REWC+[@/qDMB`N)PEr^=_D#c0g+94t5D?(dZBE2TDD?+2IEWBYNEWBeRF9!E`B)lrP@/tHNB`MZD@/qDMEWC4^F9$=]FT?7Y+96B]FT?+UEr^1[FT>tQ+969ZDZFYT+96K`AH6NHC]JSXEr[<_DZFeX@fU3C+95gM@fRVO@/tEM@fUTNDZFeX/c[!otQ+96H_AH6TJAH63?F9$F`Er[<_AH6fP+969ZAH6fPFT?I_+95sQF9!E`D#duEC]J#HEr^=_@/sg<@/qDMAcQ6>D#e,IEr[<_@/sd;+96K`FT?F^DuaSPEr[fm+95FBAH6NHB`N5T+95pPB`McGD?+ANEr^7]B`MuM+96H_DZF;J@/t*DAH6cO+96NaF9!E`AH6iQ/c[!o6ND$)D#eDQDZF;JDZCm[E<(+]B`N2S+96*UD#eMTAH6`NA,ptQ+96'T@/sa:B`N5T@/t0FF9!E`D#eJSEWBPKB`K7UF9$=]B`N2SF9$"TE<(+]AH3hQEr]bOD?+5J@fUTNFT?I_+95sQF9!E`D?+5JF9$F`Er[<_AH6fP+966Y@/t*DAH6cOFT>hMA,p$hMF9!E`B`N#NF9#kPEWBVMFT?7Y+96Qb@/t

Whirlpool Microwave Clock Keeps Resetting To Military Time, What Nationality Is Paris Schutz, Wreck In Bradley County Tn Yesterday, Raystown Lake Horseback Riding, Craftsman M110 Not Starting, Articles L