Sign-in Help
Commentary

267 Tax advantages from transactions in securities

COMPANIES vol 11 acquisitions, mergers, demergers
| Commentary

267 Tax advantages from transactions in securities

| Commentary

(c) Anti-avoidance provisions

267 Tax advantages from transactions in securities

When parties to a company reconstruction are applying for advance clearance in respect of Section 733 of the Corporation Tax Act 2010 or Section 136 of the Taxation of Chargeable Gains Act 1992, it is also usual to ask for clearance in relation to tax advantages derived from transactions in securities under the Corporation Tax Act 2010 and the Income Tax Act 20071. Where a transaction falls within one of the prescribed circumstances, HM Revenue and Customs may counteract any tax advantage by assessing the relevant person to income tax2. The

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to LexisLibrary or register for a free trial
EXISTING USER? SIGN IN TAKE A FREE TRIAL TAKE A FREE TRIAL
Stop drafting from scratch and work more productively.
Offering an unrivalled collection of non-litigation precedents for everything specialist and generalist practitioners are likely to encounter.
TAKE A FREE TRIAL Take a free trial Take a free trial