Proposed new exemption system for UK and foreign distributions - Part II
Tax Avoidance Schemes
Although a dividend may fall within one of the exempt classes, it would still be taxable if it forms part of one of the following prescribed tax avoidance schemes which has a main purpose of achieving a more than minimal tax advantage.
- Quasi-preference shares
- Payments for distributions
- Payments not on arm’s-length terms
- Manipulation of controlled company rules
- Schemes in the nature of loan relationships
Date: 6th March, 2009
Articles from this Author
Contact Business Service Partners
Choose from the drop down menu below to select a Partner to contact.
We have a new opportunity in our Milton Keynes office for an Audit Apprentice click on the link to apply… twitter.com/i/web/status/1…
For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole