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Home Forums Patrick Cannon How do you protect against the issue of a discovery assessment? Reply To: How do you protect against the issue of a discovery assessment?

#282
Caroline Smith-Clark
Guest

In a case where S Ltd contracts and completes a purchase for, say, ?10million and immediately declares a dividend in specie of the property to its parent company P Ltd for no consideration is the first transaction a ‘notifiable transaction’?

I would be grateful if someone could confirm the correct practice in relation to the filing of returns to HMRC in this instance.

Kind Regards.