In a world of uncertain investment opportunities, companies are increasingly returning surplus cash to their shareholders. Confirming whether shareholders will receive their cash as income or capital for UK tax purposes requires careful consideration of the reserves and share capital history of the company returning value. Though more complicated than a special dividend or tender offer, the most sophisticated and flexible way of returning cash to shareholders is a B share scheme.
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In a world of uncertain investment opportunities, companies are increasingly returning surplus cash to their shareholders. Confirming whether shareholders will receive their cash as income or capital for UK tax purposes requires careful consideration of the reserves and share capital history of the company returning value. Though more complicated than a special dividend or tender offer, the most sophisticated and flexible way of returning cash to shareholders is a B share scheme.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes: