Share for Share Exchanges - Tax Issues & Implications Explained

Introduction

Share exchanges are an important tool in the tax planner’s arsenal and are used in a variety of situations when companies or groups of companies are reorganised. The technical complexity of the rules, and the practical implications, are often not fully appreciated by taxpayers or by their non-tax advisers, such as corporate lawyers and company secretaries. This course is designed to explain the detailed tax provisions, covering both capital gains rules and the stamp duty rules, and the common issues that we see.

This virtual classroom session should be attended by tax advisors who work on share exchanges and by company secretaries and corporate lawyers who would like a deeper understanding of the tax issues and of the points of company law and practical implementation that arise.

What You Will Learn

This live and interactive course will cover the following:

• The capital gains tax rules and clearances (sections 135, 137 and 138 TCGA 1992)
• The stamp duty rules (sections 77 and 77A FA 1986)
• Cancellation schemes
• The stamp duty adjudication regime and its interaction with the capital gains regime
• Company law issues
• Company secretarial requirements

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.