£96

Profit Extraction and Succession Planning in OMBs

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Salisbury

Salisbury Racecourse

Netherhampton , Salisbury

Wiltshire

SP2 8PN

United Kingdom

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Description

This course will consider the many and varied tax issues related to profit extraction and succession planning. It will cover recent changes in legislation, guidance from HMRC and key case law, as well as several numbers-based examples and case studies.

Topics covered are likely to include

  • Profit extraction
    • Optimum mix of salary/interest/dividends
    • Removing assets from a company via dividends in specie
    • Alphabet shares
    • Dividend waivers
    • Pension planning
    • FA 2016 anti-avoidance on company liquidations
    • Issues for those operating via personal service companies
    • Share buy-backs

  • Succession planning
    • Spreading shares around a family – CGT tips and traps
    • Inheritance tax issues re share transfers
    • Deductible debt when estate has assets eligible for business property relief (BPR)
    • Pre-death planning in family companies
    • Use of trusts of family company shares
    • When BPR is not available
    • The particular problems with cash-rich companies
    • Change in ownership of a company – key corporation tax issues
    • Hive-downs
    • Demergers (solvent/insolvent/capital reduction)
    • The importance of obtaining ‘clearance’ before undertaking a transaction
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Date and Time

Location

Salisbury

Salisbury Racecourse

Netherhampton , Salisbury

Wiltshire

SP2 8PN

United Kingdom

View Map

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