Capital Acquisitions Tax Consolidation Act 2003 section 43

Disposition by or to a company

Section 43 provides that where a private company makes a disposition, pays consideration, or receives a gift, inheritance or consideration, the transaction is attributed to the company's beneficial owners (shareholders and certain creditors) rather than to the company itself.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.