HMRC introduced a Targeted Anti-Avoidance Rule in Finance Act 2016 to counter the practice of winding up a company for tax avoidance purposes, specifically attempting to convert dividends into a capital payment. HMRC have now published guidance (see here ) to indicate the circumstances in which the anti-avoidance rule would be invoked leading to the extracted […]
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The shareholder exit frame work can be applied when one or more owners of a business wish to leave the business either to retire or possibly as a result of a shareholder dispute. Traditional Considerations Ordinarily when the ownership of a business changes there a number of tax considerations both present and future. These can be […]
The vendor may be considering a number of exit routes, including a trade sale, and a Management Buyout. It is crucial that the Vendor seeks tax advice on structuring and investment before reaching heads of terms with the MBO team. Because of a potential conflict of interest it is preferable for the MBO team to […]
Acquisition of a business, or part of a business from the current shareholders by way of a Management Buyout (MBO) is beset with tax pitfalls and these have become a larger issue since the introduction of ITEPA in 2003. It is crucial that the MBO team seek tax advice on structuring and investment before reaching […]
Asset protection is a Transtax framework, it has been designed to deal with a common challenge that many businesses are faced with. Scenario There continues to be a steady stream of enquiries regarding the desire to either extract capital assets from the company or to separate trading and investment activities. These situations often arise through: most […]
As the legislation relating to VAT & Customs becomes ever more complex even the most seasoned professional may need to seek reassurance, guidance and advice. We recognise that we can’t be a ‘Jack of all trades’ so to ensure that our clients have access to the best advice available in this area we have a strategic […]
We offer Private Clients Services for high networth individuals including those with property portfolios, holiday lettings, offshore funds, UK investments portfolios etc. Personal Tax Planning The service covers: Income Tax Capital Gains Tax (CGT) Inheritance Tax (IHT) Trusts Trish Daniels can assist with both UK domiciled and non domiciled individuals on the tax implications of areas including […]
Employees are almost always the most important asset in a business and to get the most out of them it is important that they are fully motivated and incentivised. Key employees can be incentivised in a number of ways apart from immediate cash rewards through to Share Arrangements and deferred bonus solutions. There are a […]
TransTax solutions are designed for the SME market where the business owners are planning to Re structure* Dispose of all or part of their business Have owners or senior directors retire Undergo partial or full management buy outs or management buy ins Acquire a business Dispose of some or all of the assets of […]