In the first of two articles examining the close companies rules, Hannah Manning and Ross McGregor (Travers Smith) explain why it should not be assumed that a company is not close without looking carefully at the relevant legislation.
For many tax advisers close companies are a regular feature of their practice because they advise owner managed businesses founder shareholders or companies backed by private equity.
Following the recent First-tier Tribunal (FTT) decisions in two cases concerning close companies – Quillan v HMRC [2025] UKFTT 421 (TC) and Powell v HMRC [2025] UKFTT 528 (TC) – now is a good time to go ‘back...
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In the first of two articles examining the close companies rules, Hannah Manning and Ross McGregor (Travers Smith) explain why it should not be assumed that a company is not close without looking carefully at the relevant legislation.
For many tax advisers close companies are a regular feature of their practice because they advise owner managed businesses founder shareholders or companies backed by private equity.
Following the recent First-tier Tribunal (FTT) decisions in two cases concerning close companies – Quillan v HMRC [2025] UKFTT 421 (TC) and Powell v HMRC [2025] UKFTT 528 (TC) – now is a good time to go ‘back...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
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