00145324_Practical_Law___Topic__Title
[0] 15 [Resource type] Practice notes [Date] Maintained [Title] 
Share buybacks: unquoted companies: tax Special tax rules apply when an unquoted trading company buys purchases its own shares. This note examines the provisions of sections 1033 to 1047 of the Corporation Tax Act 2010 and gives examples of how they operate in determining whether a share buyback by an unquoted company is treated as a capital transaction or an income distribution. It also considers how the conditions for entrepreneurs' relief may affect the terms on which a company buys back its shares.
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