Commentary

D6.405 Typical form of a takeover or merger

Corporate tax
Corporate tax | Commentary

D6.405 Typical form of a takeover or merger

Corporate tax | Commentary

Takeovers and mergers

D6.405 Typical form of a takeover or merger

Takeovers and mergers can in practice involve shareholders in one or both of the participating companies, prima facie, making a disposal of their shares for the purposes of chargeable gains. There are therefore tax issues for the shareholders. Certain issues may also arise for the companies that are involved in the transaction (including stamp duty charges).

Companies may also wish to merge businesses in a way that may not involve disposals by shareholders. Although such mergers may not cause tax issues for the shareholders, these transactions will, of course,

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