Treasury shares following a share buy back

By Tolley
Treasury shares following a share buy back

The following Corporation Tax guidance note by Tolley provides comprehensive and up to date tax information covering:

  • Treasury shares following a share buy back
  • Tax treatment of treasury shares

Tax treatment of treasury shares

Prior to 30 April 2013, the Companies Acts provided that only a company which was listed on a Stock Exchange (not including AIM) was legally allowed to purchase its own shares without having to cancel them. From 1 May 2013 onwards, any limited company is permitted to retain repurchased shares. Such share

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