Course description
This virtual classroom session will explore the taxes which apply on the disposal of a business and how these are dealt with in a business purchase agreement.
Aimed at tax professionals and corporate lawyers, this interactive session will provide an example of a hive down alternative for disposing of business assets and high-level demerger alternatives to a hive down within a group. It will look at key topics such as direct taxes on business disposals including capital gains assets, intangible fixed assets, and capital allowances, as well as VAT and TOGC rules, stamp taxes, and transactions in securities rules.
Presenter David Hadley, Tax Director at Mercer & Hole, regularly advises on reorganisations of businesses, including incorporations, statutory demergers, capital reduction schemes and section 110 reconstructions, so this online session is the perfect opportunity to bring you up to date.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
This virtual classroom session will explore the taxes which apply on the disposal of a business and how these are dealt with in a business purchase agreement.
Aimed at tax professionals and corporate lawyers, it will provide a working example of a hive down alternative for disposing of business assets and high-level demerger alternatives to a hive down within a group.
What You Will Learn
This live and interactive session will cover the following:
Taxes on Business Disposals
- Direct taxes on business disposals
- Capital gains assets
- Loan relationships
- Intangible fixed assets
- Capital Allowances
- Stock/WIP
- VAT - TOGC rules
- Stamp taxes
- Documenting the disposal, what should the asset purchase agreement say on taxes?
- International issues, issues arising on multi-jurisdictional business transfers
Hive Downs
- Group transfers and de-grouping rules for:
- Capital gains assets
- Loan relationships
- Intangible fixed assets
- Capital allowances
- Stock/WIP
- Loss carry forwards and tax assets - anti-avoidance rules
- Substantial shareholding exemption
- VAT - TOGC/VAT grouping
- Stamp taxes and de-grouping
- International issues - a high level look at structuring where the business is based in a number of jurisdictions
High Level Demerger Alternatives
- Forms of merger - liquidation reconstruction v return of capital v statutory demerger
- Obtaining reliefs: s136 TCGA/s139 TCGA
- Avoiding a distribution
- Transactions in securities rules
- VAT
Expenses
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