The following Corporation Tax guidance note by Tolley provides comprehensive and up to date tax information covering:
Companies are permitted under Companies Act 2006 (subscription sensitive) to repurchase their own shares. This is sometimes referred to as a ‘buy back’. Prior to 30 April 2013, repurchased shares were required to be cancelled unless the company was a listed company. From 1 May 2013, any limited company may retain shares with a view to reselling them or for disposal through an employee share scheme. These shares are called 'Treasury shares' and are dealt with in the Treasury shares guidance note.
Shareholders may want to sell their shares back to the company for many reasons, eg:
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