Dividend waivers: Get the details right
HMRC's increasing focus on close companies has clouded the picture about what constitutes a settlement when share waivers are used. Jennifer Adams offers a simple-to-follow summary of the main technical requirements.
How it works
- When will HMRC become interested?
- Tax case: Buck v HMRC 2008
- Tax case: Donaldson v McLaren 2014
- Specific technical points
- Other options?
About the author
Jennifer Adams FCIS TEP ATT (Fellow) is Associate Editor at AccountingWEB. A professional business author specialising in corporate governance and taxation, she has written for many of the leading specialist providers of legal, tax and regulatory publications. Jennifer runs her own accounting and tax consultancy business with offices based in Surrey and Dorset.