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FA 2015: B share schemes

Speed read

Finance Act 2015 amends ITTOIA 2005 so as to remove the ‘unfair outcome’ arising from B share schemes. From 6 April 2015, it will no longer be possible for UK resident companies to offer individual shareholders a choice of income or capital treatment on a return of value. This will disrupt a well established practice that many will have assumed was blessed by the GAAR guidance.

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