Guidance
GAAR Advisory Panel opinion of 7 August 2019: extraction of value from a company by its directors and shareholders
Use this guidance on extraction of value from a company by its directors and shareholders to help you recognise abusive tax arrangements.
Documents
Details
Use this opinion together with the General Anti-Abuse Rule (GAAR) guidance to help you recognise abusive tax arrangements.
The opinions cover:
- extraction of cash or value from a company by Employee Shareholder Shares by its directors and shareholders
The GAAR Advisory Panel’s opinion is:
- entering into
- carrying out
the tax arrangements is not a reasonable course of action in relation to the relevant tax provisions.