Course description
There are a variety of reasons that a company may want to engage in a demerger, such as when shareholders in family businesses may want to partition the company so that each one takes over their relevant part of the business. Another reason is the separation of trading and investment businesses to take advantage of tax reliefs such as Business Asset Disposal Relief or the Substantial Shareholdings Exemption.
Pete Miller and Nick Wright of Jerroms Miller present this live and interactive broadcast which summarises the special tax provisions available and which demerger mechanism will be best suited to the partition of your company, with an analysis of statutory demergers, non-statutory demergers and much more.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
Many family businesses develop to the stage where different shareholders become responsible for different parts of the business. In such cases, the shareholders may decide to partition the company such that each shareholder takes over the relevant part of the business.
It may also be beneficial to separate the trading and investment businesses to take advantage of tax reliefs such as Business Asset Disposal Relief or the Substantial Shareholdings Exemption.
Whilst the separation of a company’s businesses is usually driven by commercial factors, there are special tax provisions available, which can minimise the tax liabilities for both the company and the shareholders which will be explored in this virtual classroom session.
What You Will Learn
This live and interactive course will cover the following:
- Factors resulting in a demerger
- Typical structures
- Statutory demergers
- Non-statutory demergers
- Schemes of reconstruction
- Definitions
- Scheme of reconstruction demerger
- Tax reliefs for shareholders
- Tax reliefs for companies
- Demerger mechanics
- Exempt distribution demergers
- Liquidation demergers
- Reductions of capital demergers
- Stamp duty and stamp duty land tax issues
- Anti-avoidance
- Companies Act requirements
- Clearance applications
Expenses
MBL Seminars Limited
MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...