| Commentary

259 General

| Commentary

E: TAXATION OF REORGANISATIONS AND SCHEMES OF RECONSTRUCTION

1: INTRODUCTION

259 General

Company reorganisations, as with any corporate scheme and transaction, must carefully follow the relevant legislation (for example, in the Corporation Tax Act 2010 and the Taxation of Chargeable Gains Act 1992) to ensure that there is tax neutrality. The tax legislation enables specific schemes of restructuring to be carried out largely without any adverse tax consequences either for the shareholders or for the companies involved, provided that they are undertaken for commercial purposes and not for tax avoidance. All requirements within the different provisions must be followed

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