This practical book supplies a detailed review of the complicated legal issues and tax planning problems that occur when dissolving a family company. From the legal considerations, to the tax planning issues, to the cessation of trade, through to the distribution of assets amongst shareholders, it outlines exactly what you need to do when dissolving a family or owner-managed company. It is justifiably popular with both tax and legal professionals advising SMEs. Make sure you've a copy to hand when next dissolving a small company. New laws = new tax opportunities. The legal aspects of dissolving a business have seen huge change in the last 12 months - a NEW capital gains tax regime, entrepreneur's relief, and additional tax opportunities. Fully re-written and updated, Dissolving the Family Company 2/ed keeps your firm and clients bang up-to-date with ALL important developments. Including both company and tax laws.
- Practical suggestions and tips for busy tax and legal professionals - Outlines the latest techniques and concepts that help save tax - Examines the pros and cons of appointing a liquidator - Examples and checklists help decide the most cost-effective solution for your clients - Covers the NEW capital gains tax regime - are your clients now compliant with the law? - Covers both tax and company law legislation Written by an experienced tax consultant Paul Seal is a sole practitioner tax consultant who provides taxation advice on both corporate and personal tax issues. Paul specialises in the difficulties smaller practices encounter when dissolving a family company. Contents 1 Setting the background, 2 Companies Act and Registrar of Companies formalities, 3 Taxation position of the company before and after cessation of trade, 4 Shareholder issues, 5 Extra Statutory Concession C16, 6 Capital gains tax - shareholder issues, 7 Continuing the trade under a new structure, 8 Stamp Duty and Stamp Duty Land Tax, 9 Value Added Tax, 10 Unincorporated associations, 11