Marks and Spencer v CRC, Supreme Court
Two shareholders own eight properties through an investment company. They wish to go their own way and would like to achieve this by forming two separate companies, each owning four properties
Bristol & West plc, Upper Tribunal (Tax and Chancery Division)
Assessing a new standard for ethical behaviour in tax
The rejection by the First-tier Tribunal of the taxpayer’s claim in Armajaro Holdings Ltd
The question of whether companies are connected continues to cause confusion. Two companies have some shareholders in common, but they have differing shareholdings and there is also a debt existing between them
The taxman’s powers to withhold repayments
Arguments in support of the control premium
HMRC have produced two documents to assist companies set to see changes to their preparation of financial statements over the coming years.
The papers provide an overview of the tax considerations that arise in a shift from the UK’s current generally accepted accounting principles (GAAP) to new, EU-endorsed standards.
Private company share sales may include a provision relating to a possible future sale of those shares to a third-party within a predetermined period. In that event, the original shareholder may receive a proportion of any enhanced price
Metso Paper Bender Forrest Ltd; Metso Paper Bender Machine Services Ltd (TC3056)
Draft statutory instrument The Real Estate Investment Trust (Amendments to the CTA 2010 and Consequential Amendment) Regulations 2014 has been published.
It follows work begun in FA 2012, making the condition regarding the level of borrowing for a real estate investment trust (REIT) simpler to comply with.