Company Taxation Manual

CTM36840 - Particular topics: transactions in securities: clearances

There is no obligation to seek clearance from HMRC in relation to transactions in securities and potential applicants may decide not to do so.

A person may apply to the Commissioners for HMRC for clearance under ITA07/S701 or under CTA10/S748 that they will not be subject to counteraction. The application may be made before or after the transactions take place. It must be made by either a party to the transactions or an agent acting on their behalf.

Applications may be made to reconstructions@hmrc.gov.uk or by post to:

BAI Clearance
HMRC
BX9 1JL

Guidance containing details of other statutory and non-statutory clearances including those that should be directed to Clearance and Counteraction Team is available here: Seeking clearance or approval for a transaction - GOV.UK

(This content has been withheld because of exemptions in the Freedom of Information Act 2000)