��˾��ҹ��

Home / Simons-Taxes /Corporate tax /Part D6 Company reconstruction and profit extraction /Division D6.7 Insolvencies and administrations /Commercial implications of liquidation, administration and receivership / D6.722 Receivership—commercial implications

D6.722 Receivership—commercial implications

Corporate tax

Status of a receiver

The powers of an administrative receiver are identical to those of an administrator¹. An administrative receiver is an agent of the company²; however, it is an unusual agency³, because he owes his primary duty to his appointer (ie the bank), not to the company. The principal (ie the company), cannot dismiss him and the principal cannot instruct him as to how his duties should be performed. A sale of assets under the charge is therefore treated as a sale by the company, which

View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial

TAKE A FREE TRIAL

D6.503 International movement of capital—reportable transactions and events

B6.749 ATED—property developers

C3.1814A CGT exempt assets—qualifying corporate bonds (QCB)

E4.11120 Additional annual returns by employers—overview

I9.325 Foreign pensions free from IHT

A1.543 Welsh GAAR

E4.622 Vans—main rules

B5.820 Charity's profits of trade—general liability to income tax

I4.562 Sales and mortgages of reversionary interests

I5.251 Absolute entitlement by the life tenant

C2.902 Wasting assets—wasting of allowable expenditure

B2.315 The concept of wholly and exclusively

C2.1231 Leases—deemed premiums

E4.115 Employment income—place of performance of duties

E4.1167 Payments made after leaving and after issue of form P45

I5.1122 More than one settlor (income tax and CGT)

C2.1173 Interaction of the exemption election regime with other capital gains exemptions

C2.1016 Option to subscribe for shares in a company (share warrants)

D6.233 Rights issue—sale of rights nil paid

I5.1304 Beneficiary with contingent interest

��˾��ҹ��