WebThe only effect of Section 137 is to prevent TCGA92/S135 from applying. Section 137 will be ineffective against any other Capital Gains Tax avoidance included in the transaction. All referrals to the Tribunal are dealt with by the Clearance and Counteraction Team, … WebTCGA92/S135 will not apply to a straight swap of shares that have already been issued. From 1 December 2003 onwards the Companies Act allows a listed company to buy back its own shares and hold ...
Section 138 of the Taxation of Chargeable Gains Act 1992 …
Web137. Restriction on application of sections 135 and 136. 138. Procedure for clearance in advance. 139. Reconstruction or amalgamation involving transfer of business. 140. ... Section 35 shall have effect with the necessary modifications in... Apportionment of pre-1965 gains and losses. 6. WebRelated Commentary Related Cases Related HMRC Manuals. 137(1) Subject to subsection (2) below, and section 138, neither section 135 nor section 136 shall apply to any issue by a company of shares in or debentures of that company in exchange for or in respect of shares in or debentures of another company unless the exchange or scheme of reconstruction in … man with the golden gun seaplane
Paper for paper treatment clearances Tax Guidance Tolley
Web(1) Section 137 shall not affect the operation of section 135 or 136 in any case where, before the issue is made, the Board have, on the application of either company mentioned … Web1 Section 137 Companies Act 2014 2 Section 137(7) of the Act. An alternate director is a substitute director who may be appointed by a full-time director if the articles of the company so permit. 3 See 4.2 below regarding section 140 certificates. 4 Or a current bond or a current section 140 certificate: Section 137(6) of the Companies Act. Web138 Procedure for clearance in advance (1) Section 137 shall not affect the operation of section 135 or 136 in any case where, before the issue is made, the Board have, on the … man with the golden gun poster