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Transactions in Securities - What's the Deal?
| Type |
Speaker
|
CPD Hours | Level |
|---|---|---|---|
| Seminar | 3 |
Intermediate
|
'Without question the best tax lecturer I have ever encountered, with MBL or elsewhere'
Course Outline
Introduction
Many common transactions have the potential to fall foul of the transactions in securities legislation, which has been with us since FA 1960. There has been a renewed focus on counteraction since 2010, as well as changes to the legislation in 2001 and 2016. This practical 3 hour seminar will take you through the current form of the legislation and explain what transactions are being challenged by HMRC and why.
What You Will Learn
- Introduction
- Tax avoidance background
- The mischief: why was the legislation introduced
- Application to income tax
- How the income tax rules work
- Conditions for the rules to apply
- Types of transaction affected
- Quantum of tax advantage
- The escape clauses
- Tax avoidance motive
- Change of ownership test
- Problem areas
- Management buy-outs
- Reductions of capital
- Share exchanges followed by reductions of capital
- Use of EBTs as a ‘market’ for shares
- Counteraction of tax advantages
- Interaction with anti-phoenix TAAR
Book now
Group bookings
Discounts are available for multiple places and if you have 5 or more people interested in this course and would like to discuss holding it in your area or on an in-house basis then please email us at
[email protected]
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