Guidance

Seeking approval when a company purchases its own shares

Find out how HMRC can provide advance clearance or approval to some transactions where a company purchases its own shares using the helpsheet.

Documents

Company purchase of own shares helpsheet

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Details

HMRC will not give clearances or advice on the application of the ‘settlements legislation’ in Chapter 5 Part 5 Income Tax (Trading and Other Income) Act 2005.

This includes the tax consequences of executing non-charitable trust deeds or settlements.

Published 22 August 2014