Categories
Share scheme arrangements

EMI Schemes under threat

The enterprise management incentive (EMI) scheme is the most popular share option scheme, as it is designed for companies that have gross assets of no more than £30 million. On 4 April 2018 HMRC announced that the EU State Aid approval for the EMI scheme was due to run out on 6 April, as it […]

Categories
Transactions

Winding up a company – The Targeted Anti-Avoidance Rule

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 […]

MBO – Management Team

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”

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 […]

Private Client Services

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 […]