Corporation Tax

Treasury shares following a share buy back

Produced by Tolley
  • 02 Nov 2021 09:21

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

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

Treasury shares following a share buy back

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 shares are known as ‘treasury shares’.

It remains unusual for the typical UK private company to have treasury shares because their use is li

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