Guidance

GAAR Advisory Panel opinion of 7 August 2019: extraction of value from a company by its directors and shareholders

Use this guidance on extraction of value from a company by its directors and shareholders to help you recognise abusive tax arrangements.

Documents

Details

Use this opinion together with the General Anti-Abuse Rule (GAAR) guidance to help you recognise abusive tax arrangements.

The opinions cover:

  • extraction of cash or value from a company by Employee Shareholder Shares by its directors and shareholders

The GAAR Advisory Panel’s opinion is:

  • entering into
  • carrying out

the tax arrangements is not a reasonable course of action in relation to the relevant tax provisions.

Published 8 October 2019