Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Extraction definition

What does Extraction mean? In database practice, extraction means taking data out of a database and transferring it elsewhere (for example by copying, downloading, exporting, printing, screen-scraping or migrating data). It is a statutory term: UK and Irish legislation define extraction as the permanent or temporary transfer of all or a substantial part of a database’s contents to another medium, by any means and in any form. database right infringement occurs where, without the maker’s or rightsholder’s consent, all or a substantial part is extracted. Repeated and systematic extraction of insubstantial parts can also infringe if it conflicts with the normal exploitation...

UK tax on operating, funding and terminating JV companies: profit extraction, debt and CIR, withholding tax, transfer pricing, consortium relief, stamp taxes, SSE, and connection and related party rules

Published by a LexisNexis Tax expert

Practice notes

This Practice Note reviews the UK tax considerations around the operation and termination of a joint venture conducted through a limited liability company (JVCo), which is a distinct legal person from the joint venture parties involved. For further details on the tax treatment of putting a JVCo in place, see Practice Note: Tax implications of establishing a joint venture company. For the purposes of this Practice Note, it is assumed that the joint venture parties are UK tax resident corporate entities and that the JVCo itself is also UK tax resident; for joint ventures with a non-UK element, see Practice Note: Tax implications of international joint ventures.

Operation of the JVCo

extraction and taxation of the JVCo’s profits

Because the JVCo is an independent legal person, profits generated by the business belong to the company itself and not the parties, unlike a contractual joint venture or a partnership‑style joint venture where profits flow to the participants. Where the parties intend to take profits out, the most common route is via dividends, declared by the JVCo. Such dividends are chargeable to corporation tax unless an exemption applies...

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Web page updated on 22/05/2026

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