This is a chapter from the Bloomsbury Professional book Taxation in Corporate Insolvency and Rescue, 6th Edition, which is a practical guide to the taxation of insolvent companies, their creditors and shareholders, and of company rescues. It provides comprehensive and detailed information on the UK tax implications when a company becomes insolvent and has to be rescued or enters into a formal insolvency process. It covers the tax aspects of companies in liquidation, administration, different forms of receivership, and those making voluntary arrangements, and the tax consequences for their creditors, shareholders, landlords and guarantors. It also covers the implications for a company and its creditors of restructuring debt, hive-downs and 'pre-packs'. This book is an essential resource for tax and insolvency practitioners.
Chapter 3, the table of contents and the index are FREE to view, as a sample of the book's contents.