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Corporate residence

02 June 2005 / David Hughes 2
Issue: 4010 / Categories: Comment & Analysis , Capital Gains

DAVID HUGHES reviews the High Court's decision in Wood v Holden.

Corporate residence can be a problematic area. A company may be resident overseas if it can show that its central management and control takes place outside the UK, but if a company only carries out a few transactions (such as the purchase or sale of subsidiaries), what level of involvement is needed to exhibit central management and control?

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