Company Share Purchase/Corporate Share Purchase

Below is a selection of our most recent updates on this subject.

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Defining Profits For Legal And Accounting Purposes

The Institute of Chartered Accountants in England and Wales (ICAEW) and its Scottish equivalent (ICAS) have been consulting during the last few months on a proposed additional guidance on the determination of realised profits and losses in the context of distributions under the Companies Act 2006.
Wednesday, November 03, 2010

Own Share Purchase

Reduction of share capital and acquisition of own shares compared
Monday, December 22, 2008

Private Company Share Valuation

A recent Special Commissioner's decision in Marks -v- Sherred (HMIT) (2004) Spc 418 sheds some light on the principles applied by the Revenue in valuing private company shares.
Tuesday, October 26, 2004

Companies To Purchase Own Shares And Then Keep Them Rather Than Cancelling Them

The Department of Trade and Industry has issued a consultative document which proposes to allow a company to buy back their own shares and then keep them rather than cancelling them immediately afterwards.
Friday, January 11, 2002

Tax Treatment Of Option Agreements

Can a double option agreement be treated as a binding agreement for sale? Following the decision in Griffin -v- Citibank Investments Ltd (2000) there should be no more arguments that this could the case
Tuesday, November 27, 2001

Securing Income Tax Treatment

Tuesday, October 31, 2000

Purchase By A Company Of Own Shares From The Trustees Of The COMPANY`S Pension Scheme

Tuesday, October 31, 2000

A Payment Can Be Treated As Capital Or As Giving Rise To A Distribution

In Moody —v- Tyler the taxpayer unsuccessfully appealed against an assessment to income tax on a payment made to him by his company in a transaction in which it acquired shares in the company from him. The Inland Revenue did not treat the payment as capital. Neither did it treat the transaction as benefiting the company's trade.
Tuesday, October 31, 2000

Reasons For A Share Buy-Back

Share buyback by companies increasing: buoyant market and low interest rates encourage this trend: impact = return of surplus cash - reducing cost of capital - boost earnings per issued share: important for advisers to be aware of this trend
Tuesday, October 31, 2000

Company Own Share Purchase Treated As Distribution In A Recent Case

Appeal in the case Moody ?v- Tyler (Inspector of Taxes) dismissed, upholding the Commissioner?s finding that the company purchase of shares from its shareholder was in this case correctly treated as distribution and not a capital transaction.
Friday, September 15, 2000

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