Tax Avoidance

Subjects covered by the author include the anti-avoidance provisions which relate to: companies and shareholders - transactions in securities, dividend stripping and distribution; settlements - income tax settlement provisions and non-resident settlements; capital and estate taxes; international transactions - affecting individuals and companies; other provisions - transactions involving land and capital allowances; and the attitude of the courts. Anti-avoidance provisions are often complicated and widely drafted, catching both the transactions at which they were aimed as well as other, "innocent", transactions which were outside the intended scope of the legislation. The implications of all such transactions have to be very carefully considered in order to avoid the incidence of tax. This study provides a practical analysis of all anti-avoidance provisions in UK tax law relating to income tax, capital gains tax, corporation tax and inheritance tax. It covers both UK transactions and those with an international element.