Related Commentary  Related HMRC Manuals

100(1)  This section applies where, by virtue of section 98 above, an alteration in a close company’s share or loan capital or of any rights attaching to shares in or debentures of a close company is treated as a disposition made by the participators, and–

(a)a person is a participator in his capacity as trustee of a settlement, and

(b)the disposition would, if the trustee were beneficially entitled to the settled property, be a transfer of value made by him, and

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.