Fiona Bell

Consequences for income tax when a new shareholder acquires nil or partly paid shares

The query published in Taxation, 26 April 2001 at page 102 concerned the possibility for a tax deduction for sums recharged to a United Kingdom subsidiary for the 'cost' of stock options granted by a United States parent company to the employees of the subsidiary.

Taxation, 22 March 2001 included an article by Mike Down and Mike Thexton at pages 593 to 596 concerning the ability of a director to deduct the costs of working from home under section 198, Taxes Act 1988 ('Hot Desking in the Library'). The authors state: