The Pensions Regulator1 may by order prohibit a person from being a trustee of a particular trust scheme2, a particular description of trust schemes or trust schemes in general if it is satisfied that he is not a fit and proper person to be a trustee of the scheme or schemes to which the order relates3. Where such a prohibition order is made against a person in respect of one or more schemes of which he is a trustee, the order has the effect of removing him4. A company or Scottish partnership is prohibited from being a trustee of
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Dividends involve a distribution of cash or a distribution of non-cash assets (known as a distribution in kind or a distribution in specie).A scrip dividend (in a tax context, sometimes referred to as a stock dividend) allows a shareholder to receive new shares in a company as an alternative to a
The principle of transferred maliceIf a person has a malicious intent towards X and, in carrying out that intent, injures Y, he is guilty of an offence. So, if D shoots at A with intent to kill him but kills B by mistake it is murder; the mistake as to the identity of the victim is irrelevant as D
Part 8 of the Corporation Tax Act 2009 (CTA 2009) is a specific corporation tax regime that applies exclusively to the gains and losses of intangible fixed assets. Note, however, that certain intangible fixed assets are excluded from the regime, see Practice Note: Excluded intangible fixed
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