Legal News

Deferred shares—relief for entrepreneurs?

Published on: 04 April 2016
Published by: LexisPSL
  • Deferred shares—relief for entrepreneurs?
  • Original news
  • What were the facts of this case?
  • What did the taxpayer argue?
  • How did HMRC respond?
  • What did the FTT decide?
  • Why did the taxpayer’s purposive approach arguments fail?
  • How does this decision impact companies whose share capital has been carefully structured to allow individuals to benefit from ER?
  • Does the decision have ramifications beyond ER?
  • What can practitioners learn from this case?

Article summary

Tax analysis: Does a recent appeal tribunal victory for HMRC give the seal of approval to a common tax planning strategy for entrepreneurs? Colin Kendon, partner and head of the employee incentives and benefits team at Bird & Bird LLP, considers the recent First-tier Tribunal (FTT) decision in Alan Castledine v HMRC. or take a trial to read the full analysis.

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