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Share Buybacks and Redemptions: Legal Update – Companies Act 2014

Tuesday, December 18, 2018

This article first appeared in Irish Tax Review, Vol. 31 No. 4 (2018) © Irish Tax Institute.

The purchase by a company of its own shares is one of the most common methods of exiting a business. Partner Amanda-Jayne Comyn discusses the relevant legislation: the Companies Act 2014, which sets out the legal procedure to effect and authorise a purchase by a company of its own shares; and the Taxes Consolidation Act 1997, which sets out the parameters under which the monies received on the purchase or redemption can be treated as a capital receipt.

Full article available here.