This half-day seminar is for tax lawyers, corporate lawyers and all others who are involved in advising on corporate transactions. It will take you through the legislation and give practical advice on transactions affected and how to deal with them, including getting a pre-transaction clearance from HMRC.
Many common transactions such as reductions of capital, disposals and group reorganisations have the potential to fall foul of the transactions in securities legislation, which has been with us since the Finance Act 1960.
The rules allow HMRC to ‘counteract’ tax advantages obtained by taxpayers as a result of a transaction in securities. While the rules probably no longer apply to corporation tax payers, the majority of transactions ultimately involve income tax payers to whom they may apply and HMRC’s attitude is often unhelpful.