Business structures and reorganisations

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This Practice Note was originally drafted by Christopher Kerr-Smiley, Legal Director at Womble Bond Dickinson, but is now maintained by Lexis®PSL Private Client....

Practice Note

This Practice Note outlines Bermuda trust law and focuses upon its unique features and recent reforms, such as Bermuda's regime for private trust companies (PTCs) and...

Practice Note

British Virgin Islands (BVI) trusts law is contained in the Trustee Ordinance, Cap 303 (as amended) as revised from time to time and the Virgin Islands Special Trusts Act...

Practice Note

This Practice Note is about the rules for establishing whether companies are within the same group for the purposes of corporation tax on chargeable...

Practice Note

FORTHCOMING CHANGE relating to transfers within an EU group: Finance Bill 2019–20 will contain provisions permitting companies to pay tax in instalments in relation to...

Practice Note

FORTHCOMING CHANGE on amendments to FA 1986, s 77A: Finance Bill 2019–20 amends, with effect from Royal Assent, section 77A of Finance Act 1986 (FA 1986) to ensure that...

Practice Note

Part VIII of the Trusts Law (2011 Revision) Non-charitable purpose trusts are called ‘STAR’ trusts in the Cayman Islands. They are subject to specific statutory...

Practice Note

FORTHCOMING CHANGE: the rate of corporation tax will fall to 17% for the financial year 2020. This table compares the tax treatment of: • sole traders • partnerships...

Practice Note

The common law trust has long been a feature in many kinds of commercial arrangements. It has certain unique characteristics which set it apart from other legal...

Practice Note

Consortium relief is an extension of the group relief rules to allow the surrender and claim of losses between companies that are not so closely connected as to form a...

Practice Note

This Practice Note looks at the meaning of connected persons within sections 1122 and 1123 of the Corporation Tax Act 2010 (CTA 2010). An almost identical definition for...

Practice Note

This Practice Note outlines the tax issues that are relevant where creditors seek to enforce their security over the assets of a company, or corporate group, in distress....

Practice Note

The economic climate can lead to instances of distressed debt portfolios changing hands. In such a climate, typically banks seek to reduce their balance sheet exposure to...

Practice Note

This Practice Note outlines the tax issues that should be considered when a company seeks to restructure its external debt obligations. Other Practice Notes in this...

Practice Note

A demerger means the separation of a company’s business into two or more parts, typically carried on by successor companies under the same ownership as the original...

Practice Note

FORTHCOMING CHANGE relating to transfers within an EU group: Finance Bill 2019–20 will contain provisions permitting companies to pay tax in instalments in relation to...

Practice Note