The decision of the Court of Appeal in First Nationwide [2012] EWCA Civ 278 represents a welcome return to certainty of the treatment of dividends paid out of share premium and is generally a helpful restatement of the settled line of case law on the treatment of distributions as capital or income.
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The decision of the Court of Appeal in First Nationwide [2012] EWCA Civ 278 represents a welcome return to certainty of the treatment of dividends paid out of share premium and is generally a helpful restatement of the settled line of case law on the treatment of distributions as capital or income.
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: