Tax Aspects of Succession Planning

Clients who own and run family companies are always keen to achieve the best after-tax return on a sale.  Those who pass down their shares to the next generation are concerned to ensure that their IHT exposure is minimised.  This course looks at the key tax issues which need to be considered in these areas.

Content will include:

Issues on the sale of a family company

• Ensuring maximum business asset disposal relief
• The importance of the Potter case
• Use of S110 Insolvency Act 1986 reconstructions
• Advantages of an own share purchase

Issues on passing down shares in a family company

• Business relief – planning and pitfalls
• Loan and current accounts
• Deathbed planning – rights issues
• Buy and sell agreements
• Mortgages and other liabilities
• Is it a trading company?
• Excepted assets
• Freezing operations
• Related property planning
• Recycling business relief

The content for online courses predating 2022 may vary.