The insertion of a US holding company by way of a share-for-share exchange, whereby the shares in an existing UK company (“UKCo”) are transferred to a new US company (“USCo”) in exchange for shares issued by USCo, is commonly...more
Highlighting key tax points coming out of the recent economic update (8 July) delivered by the UK Government:
Temporary reduction in stamp duty land tax (“SDLT”) on residential property purchases in England and Northern...more
On 25 March 2020, HMRC updated its stamp duty guidance to announce a temporary change in the way that it is dealing with stamp duty, as a result of measures to stop the spread of COVID-19...more
The UK tax authority, Her Majesty’s Revenue & Customs (HMRC), has taken a further step towards tackling perceived tax avoidance in transactions involving cryptoassets. Specifically, according to press reports, exchanges such...more