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Company Acquisition of Own Shares 7th ed


ISBN13: 9781784731120
Previous Edition ISBN: 9781846612459
Publisher: LexisNexis Butterworths
Country of Publication: UK
Format: Hardback
Price: Publication Abandoned



Publication date uncertain

This book provides the practitioner with a comprehensive analysis of the law relating to own share acquisition – both the company law and the tax law. It outlines the procedures that need to be followed, what the tax implications are, and how tax savings and other benefits can be achieved. It also includes precedents for the main types of transaction, which the practitioner may require to implement.

This new edition fully updates the work to take into account tax changes, case-law and reforms relating to shareholder approval and the source of payment of the purchase price.

This is a very technical area of the law highly governed by regulation which requires a high level of expertise. This edition provides good insight into this subject:

  • Providing comprehensive analysis of the law from both company and tax perspectives
  • Sets out procedures to follow highlighting the tax implications and how tax savings can be made
  • Key precedents for the main types of transactions involved

Subjects:
Company Law
Contents:
The Rule against Own Share Acquisitions
Shares Held by a Company’s Nominees
The Issue of Redeemable Shares
A Company’s Power to Purchase its Own Shares
The Procedure for an Own Share Purchase
The Source of the Payment for a Purchase or Redemption
Treasury Shares
Own Share Purchases and the Articles
Own Share Purchase Contracts
Financial Assistance
Tax: The ‘Distribution’ Element
Purchases for the Benefit of the Trade
Payments to Assist in Discharging a Liability to Inheritance Tax
Section 219: Returns, Clearances and Powers of Information
Purchases from a Dealer in Securities
Taxes on Income: Other Consequences of Purchases and Redemptions
Other Fiscal Consequences
Strategy
Appendices