Tax

Tax guidance:

In an asset purchase, the buyer purchases only those assets and assumes only those liabilities it wishes to acquire: • sometimes an asset purchase is the purchase of an...

Practice Note

When a person disposes of an asset and makes a profit that is capital in nature, this has the potential to be a taxable capital gain. It may be possible to avoid a tax...

Practice Note

Entrepreneurs' relief is a capital gains tax (CGT) relief designed to encourage individuals to set up and expand their own businesses. Provided that the conditions are...

Practice Note

FORTHCOMING CHANGE: the rate of corporation tax will fall to 17% for the financial year 2020. This table compares the tax treatment of: • sole traders • partnerships...

Practice Note

FORTHCOMING CHANGES: • Rates: the rate of corporation tax will fall to 17% for the financial year 2020 • UK property business and non-UK resident companies: From 6 April...

Practice Note

Various income tax and national insurance contributions (NICs) charges can arise for an employee or director in relation to the acquisition, ownership or disposal of...

Practice Note

This Practice Note explains the rules that apply to distributions made to UK resident and domiciled individuals on or after 6 April 2016. The way in which individuals are...

Practice Note

Deal makers may look to insurance to manage a variety of risks inherent in transactions. In many situations, tax risk can be managed or eliminated in a transaction...

Practice Note

The sale of a company's business can be structured as either: • a sale of the business assets owned by the current owner, including goodwill (an asset sale), or • a sale...

Practice Note

Typical public takeover structures The structure of a public takeover and its tax consequences will depend on whether: • the consideration offered for the offeree shares...

Practice Note

In a share purchase transaction, ownership of the company owning the target business is transferred to the buyer. Unlike an asset purchase, the target company retains its...

Practice Note

The sale of a company's business can be structured as either: • a sale of assets owned by the company (an asset sale), or • a sale of shares in the company by its...

Practice Note

FORTHCOMING CHANGE on extending market value rule to transfers of unlisted securities to connected companies: Following a consultation on aligning the stamp duty and SDRT...

Practice Note

Stamp duty land tax (SDLT) is a tax on land transactions. Land transactions are acquisitions of chargeable interests, ie legal or equitable interests in land located in...

Practice Note

STOP PRESS relating to market value consideration for transfers of listed securities to connected companies: Finance Act 2019 introduced a targeted market value rule for...

Practice Note

FORTHCOMING CHANGE on extending market value rule to transfers of unlisted securities to connected companies: Following a consultation on aligning the stamp duty and SDRT...

Practice Note

The substantial shareholdings exemption (SSE) is an exemption from corporation tax on chargeable gains for certain share disposals by companies. The exemption does not...

Practice Note

When a person (the Buyer) buys a company, rather than the assets of a business, all of the historic liabilities of that company and its subsidiaries (referred to in this...

Practice Note

Produced in partnership with Martin Shah of Simmons & Simmons LLP; material originally written by Charles Goddard of Rosetta Tax LLP The regime for UK real estate...

Practice Note

What is VAT? The UK value added tax (VAT) system is: • derived from the EU Council Directive 2006/112/EC of 28 November 2006 on the common system of value added tax (the...

Practice Note

It is market practice for a tax covenant, also known as a tax deed, to form part of the transaction documents in respect of a sale of all the shares in a company (the...

Practice Note