What you need to know about the anti-dividend stripping rules

There are various ways for a shareholder to exit a company and one of the most important factors is usually the tax payable upon exit. It is therefore not surprising that taxpayers are constantly seeking to find tax friendly ways to exit a company. Corporate shareholders have, however, avoided income tax or capital gains tax […]

What is the effect of recent amendments to legislation regarding share buy-back agreements?

It is customary that transactions would be concluded where a company would buy-back its own securities from an exiting shareholder. The aforesaid especially held substantial benefits when the exiting shareholder was also a company, in which case the proceeds from the transaction would be deemed as a dividend. In terms of the provisions of the […]