19th October 2022

TIMING

COURSE CODE

OC19A2

SPEAKER

Kevin Read

OBJECTIVES

There are a huge number of tax issues to consider, across a range of taxes, when dealing with business purchases and disposals. This course will look at transactions from both the purchaser’s and vendor’s perspective. It will also consider issues relating to the closing down of businesses, something that, unfortunately, may be more common than usual at present, due to either the coronavirus pandemic or the extension of ‘off-payroll working’ rules causing a PSC to no longer be needed.

Emphasis will be given to the unexpected tax charges that can catch the unwary, along with the reliefs available when deals are planned and structured tax-efficiently. Key compliance areas, such as warranties and obtaining HMRC ‘clearance’, will also be discussed.

To aid delegates’ understanding, the course material will include numerous numerical examples.

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WHO SHOULD ATTEND?

This course will be of interest to anyone who deals with acquisitions and disposals of SME businesses and who wishes to gain a greater understanding of key personal and corporation tax issues that they may come across.

TOPICS

• Disposal of company
  • Sale of assets or sale of shares?
• Overview of key tax issues 
• Business asset disposal relief
  
  • Problem areas with 
• Shares
• Unincorporated trades
• Taking consideration as cash, shares or loan notes
• Deferred consideration and earn-outs
• Company and trade disposals - key corporation tax issues
• Compliance for purchaser
  
  • Warranties and indemnities
• Hive-downs
• Demergers
  
  • The different types
  • Use in pre-sale planning
• Closing down companies
  
  • Comparison of striking-off and MVL
  • FA 2016 anti-avoidance on ‘phoenixing’ companies 
• Partnership capital gains issues (overview only)

           All relevant matters from FA 2021 and subsequent Budget

VENUE

This course will be available live online. You will be emailed the link to join two days before the course date.

DISTRICT

All

COURSE FEE

 £110+VAT. (click here for information on the Flexiticket discount scheme - fees as low as £60.00+VAT per place).