Do you have to advise on buying and selling companies, and are you fully versed with the tax issues involved?The tax aspects of buying and selling companies amounts to around 40% of this type of corporate activity. For those who have to advise on the process from a tax point of view it is vital that their advice is up-to-date, informed and structured. This Report takes you through the buying and selling process from the tax angle. It uses straightforward case studies to highlight the issues and more important strategies that are likely to have a significant impact on the overall taxation position. It is a must for all those who have to advise on the tax aspects of buying and selling companies or who need to have an understanding of the tax issues involved.
Author(s): Martyn Ingles
Year: 2001
Language: English
Pages: 102
Acknowledgement......Page 5
The author......Page 6
1: Introduction......Page 12
2: Taxation issues......Page 17
3: Sale of assets or sale of shares?......Page 29
4: Inland Revenue clearances and anti-avoidance in general......Page 41
5: Advising the purchaser......Page 54
6: Protecting losses......Page 57
7: Warranties and indemnities......Page 61
8: Case study: A corporate vendor......Page 66
9: Hive downs and management buy-outs......Page 77
Appendix 1: Summary of IR20......Page 83
Appendix 2: Stock dividend scheme......Page 89
Appendix 3: Impact of pre-sale dividend......Page 93
Appendix 4: Using loan notes......Page 97
Appendix 5: Deferred consideration......Page 99
Appendix 6: Taxation of the income of discretionary trusts......Page 102
Contents......Page 7
