Accrued income scheme

Anti-avoidance

Anti-avoidance rules

Arrangements to pass on value of tax credit

Bond-washing

Cancellation of tax advantage

Bona fide commercial reasons

Change in ownership

Charity

Clearance procedure

Declaration and payment of dividend

Exempt pension scheme

Generally

Group of companies, reconstruction/reorganisation

Liquidation

Main object obtaining a tax advantage

Meaning of tax advantage

Repayment of loan stock out of subsidiary's profits after hive-down

Sale of shares to qualifying employee share ownership trust

Share buybacks

Case study: partition of investment company

Certificates of deposit, transactions in

Condition A

Condition B

Corporation tax, cancellation of advantage

Appeal to tribunal

Assessment

Charge to tax

Circumstance A, receipt of abnormal dividend

Circumstance C, other party to the transaction

Circumstance D, non-taxable distributions

Circumstance E, receipt of shares following transfer of assets

Clearance procedure

Conditions to be fulfilled

Exemptions

Generally

Genuine commercial reasons, exemption

Information, power to obtain

Judicial attitudes

Liquidation

Non-residents

Notice of counteraction of tax advantage

Notification to be given

Obtaining an advantage

Ordinary course of making investments, exemption

Payment of dividend

Prescribed circumstances

Securities, meaning

Statutory declaration by taxpayer

Transactions in securities, meaning

Group relief restrictions

Income tax, cancellation of tax advantage

Appeals

Clearance procedure

Counteraction notices

Counteraction procedure

Dividends

Generally

Information, HMRC's powers

Liquidation

Main purpose/object

Obtaining an advantage

Opposed notification

Preliminary notification

Scope of legislation post-24 March 2010

Scope of legislation pre-24 March 2010

Transactions in securities, meaning

Interaction with CGT

Meaning

Overview

Partition of investment company by way of distribution

Partition of property investment company by way of capital reduction

Relevant consideration

Relevant person

Sale and repurchase (repos)

Transactions in certificates of deposit

Transfer of income from securities