Issue: Vol 149, Issue 3872

MALCOLM GUNN FTII, TEP discusses an easily overlooked tax charge on share acquisitions by directors and employees.

Loans from offshore trusts In Cooper v Billingham [2001] STC 1177 it was held that, where non-resident trustees made interest-free loans repayable on demand to a beneficiary, this was the provision...

Reviewed by Patrick Hurd and John Newth.