Course description
Individuals who own and run family companies always endeavour to achieve the optimum post-tax return on sales of their shares. Those who pass down their holdings to the next generation are invariably concerned with ensuring that their IHT exposure is minimised, and that advantage has been taken of all the available reliefs.
Presented by tax expert Robert Jamieson, this course examines the key taxation issues which need to be considered in these areas. It will explore the implications of the Upper Tribunal’s decision in the Allam case, the attraction of an own share purchase, business relief planning and pitfalls, and deathbed planning with rights issues, plus much more.
If you advise clients and their families on succession planning issues then this course is for you.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
Individuals who own and run family companies always endeavour to achieve the optimum post-tax return on sales of their shares.
Those who pass down their holdings to the next generation are invariably concerned with ensuring that their IHT exposure is minimised and that advantage has been taken of all the available reliefs.
This course examines the key taxation issues which need to be considered in these areas.
If you advise clients and their families on succession planning issues then this course is for you.
What You Will Learn
This course will cover the following:
Issues on the sale of a family company
- Ensuring maximum business asset disposal relief
- The implications of the Upper Tribunal's decision in Allam v HMRC (2021)
- Using S110 Insolvency Act 1986 reconstructions
- The attraction of an own share purchase
- Pre-transaction clearance procedure
Issues on passing down shares in a family company
- Relief for relevant business property - planning and pitfalls
- Deathbed planning with rights issues
- Buy and sell agreements
- Mortgages and other facilities
- The impact of S162B(7) IHTA 1984
- Is it a trading company?
- Excepted assets
- Freezing operations
- Related property planning
- Recycling business relief
- HMRC's non-statutory clearance procedure and business relief
Expenses
MBL Seminars Limited
MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...