(c) Anti-avoidance provisions267 Tax advantages from transactions in securitiesWhen 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
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
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
0330 161 1234