Temple Tax Chambers

This Practice Note considers the circumstances in which the use of discretion in relation to an enterprise management incentives (EMI) option can inadvertently have implications on the availability of EMI tax relief in relation to it. Written in partnership with David Pett of Temple Tax Chambers.

This Practice Note considers various corporate insolvency procedures, such as liquidation (or winding up), administration, appointment of a receiver and a company voluntary arrangement (CVA) and outlines the possible tax consequences for the company in that procedure. This Practice Note was produced in partnership with David Irvine and Nathan Langford of Goodwin Procter LLP and Philip Ridgway of Temple Tax Chambers.

This Practice Note examines the purpose of intellectual property (IP) valuation and introduces two methods of valuation (cost-based method and economic-based method). It then explains why and how IP is valued. In general, the principal aim of the valuation exercise will be to establish the market value of the IP. This note explains the different approaches used, being a comparison approach, an income approach and a cost approach. Each broad approach encompasses various valuation methods.

This is a Precedent trust deed to establish and regulate an employee ownership trust (EOT) for the provision of benefits to employees. An EOT is a particular type of employee benefit trust (EBT) that meets certain statutory criteria and was introduced under the Finance Act 2014, in conjunction with certain tax benefits that became available for companies that are owned by an EOT and for individuals who dispose of shares to an EOT.