Companies

PHILIP REEVES discusses the potential problem areas of the corporation tax relief for employee shares in FA 2003, Sch 23.

A VALUABLE RELIEF for companies which provide shares for employees was introduced by FA 2003, Sch 23 and this article examines the background to that schedule and also explores the conditions that have to be satisfied in order to claim the relief.

Problem solved, as explained by JOHN BARNETT with regard to a share buy-back difficulty.

AS THE PAGES of Taxation magazine have testified over the years, the taxation of companies repurchasing their own shares — while deceptively straightforward — is often fraught with difficulties. Most such problems seem to be caused by an incomplete understanding of the company law issues involved in a share repurchase and the effect that these can have on the tax treatment.

KEVIN SLEVIN considers the true value of the tax treatment of civil partners.

JULIE BUTLER considers the tax treatment of wind farms.

How should a partnership insure itself against an unplanned exit of a mortal kind? PENNY BATES has the answers.

MANY BUSINESSES, PARTICULARLY professional practices, operate as partnerships. Partnerships are assumed to exist where the parties actually share profits and losses proportionally, even though there may not be a written partnership agreement signed between the partners. Most advisers would advise their clients to have a written partnership agreement in place which could prevent problems arising between the partners in the future.

ALISON HAYNES and RUTH PUNTER consider the likely impact of the new company van rules.