Insight and analysis - the condoc on company distributions

08 January 2016

In this article, originally published in Tax Journal on 8 January 2016, Ashley Greenbank discusses HMRC's consultation document "Company distributions" published on 9 December 2015.

The consultation document requests comments on proposed changes to amend the transactions in securities rules in Chapter 1 of Part 13 of ITA 2007 and to introduce a targeted anti-avoidance rule (TAAR) to prevent certain distributions in a winding-up being treated as capital distributions.