Policy paper

Corporation Tax, Income Tax and Capital Gains Tax: company distributions

This applies to shareholders of close companies who receive a payment from the company which is taxed as a capital gain instead of income to gain a tax advantage.

Documents

Draft clause 16

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Draft explanatory notes clause 16

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Draft clause 17

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Draft explanatory notes clause 17

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Draft clause 18

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Draft explanatory notes clause 18

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Details

This legislation will strengthen the transactions in securities rules, which are designed to prevent a tax advantage from being obtained where 1 of the main purposes, is to obtain a tax advantage.

Published 9 December 2015