Paula Tallon, Paul Howard (Gabelle) and Adam Bradley (Taylor Vinters) present a practical guide to the legal and tax issues that need to be addressed on a buyback by a private company out of distributable profits.
There are a number of ways for both private and public companies to buy back their shares. This article focuses on the most common type of buyback a buyback by a private company out of distributable profits. It is intended for use as a practical guide to the legal and tax issues that need to be addressed on a buyback.
Legal issues
A share buyback by a private company will almost always be an ‘off-market’ purchase. An off-market purchase is one where either:
the shares are not bought on a recognised investment exchange (as defined in Part 18...
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Paula Tallon, Paul Howard (Gabelle) and Adam Bradley (Taylor Vinters) present a practical guide to the legal and tax issues that need to be addressed on a buyback by a private company out of distributable profits.
There are a number of ways for both private and public companies to buy back their shares. This article focuses on the most common type of buyback a buyback by a private company out of distributable profits. It is intended for use as a practical guide to the legal and tax issues that need to be addressed on a buyback.
Legal issues
A share buyback by a private company will almost always be an ‘off-market’ purchase. An off-market purchase is one where either:
the shares are not bought on a recognised investment exchange (as defined in Part 18...
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:
