Gain invaluable insights and guidance on navigating the intricacies of tax implications during share and asset sales. From due diligence to post-sale adjustments, ensure you are equipped with the knowledge to advise clients with precision and confidence. Stay ahead with expert strategies tailored to mitigate tax liabilities and optimise transactional outcomes.
Tax analysis: In CATS North Sea Ltd v HMRC, the Upper Tribunal (UT) allowed the appellant’s appeal in relation to the capital allowances consequences...
Tax analysis: In Bilfinger Salamis UK, the Upper Tribunal (UT) dismissed the appeal by Bilfinger UK (BUK) and held that para 9 of Sch 3 to the Social...
Law360, London: A UK oil company is not liable for a £167 million increase to its taxable profits because for tax purposes it should not be treated as...
Law360, London: EU countries advanced a post-Brexit deal concerning the British overseas territory of Gibraltar on 8 April 2026, which includes the...
VAT treatment of damages and compensation paymentsA damages or compensation payment may attract VAT. This depends on exactly what the payment is for....
The double taxation treaty passport scheme (DTTP scheme)The double taxation treaty passport scheme (DTTP scheme) enables a borrower to apply for and...
What are capital allowances and capital expenditure?What are capital allowances?Capital allowances are the means by which tax relief is given for some...
If the words ‘exclusive of VAT’ are omitted from the definition of annual rent, but there is a VAT clause stating: ‘Where this lease requires the...
Priority between loss reliefs in loss making companiesWhy does it matter?A company that is a member of a group and has incurred any of the types of losses available for surrender by way of group relief may, without any further rules, have more than one way in which to use the loss. There are a
If a rentcharge is shown as being informally exonerated on title information, does this apply to the current registered owner? Or does the informal exoneration only apply to the parties to the document which informally exonerated the rentcharge?This Q&A considers the situation where, at some
Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid
Can shares in a limited company that have not been paid-up at all be cancelled?A limited company having a share capital may not alter that share capital, except in the ways listed in section 617 of the Companies Act 2006 (CA 2006). Shares in a company cannot simply be cancelled without following an
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