Owner-Managed Businesses Guidance

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Sale & acquisition of a business

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Latest Guidance
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28 Jun 2019

The value of a company needs to be determined for commercial reasons, for example when the owners intend to sell the company. The main valuation methods are:•capitalised...

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28 Jun 2019

Some proprietors may find that once operating through a limited company, the administrative burden and public filing requirements outweigh any benefits.In order to...

OMB_tax_img5
28 Jun 2019

Restriction of carry forward and carry back of trading lossesFollowing the extensive changes to the loss carry forward provisions introduced from 1 April 2017, the...

OMB_tax_img6
28 Jun 2019

APR reduces the value transferred for inheritance tax purposes when assets such as farmland and farm buildings are gifted either during lifetime or on death. APR works in...

OMB_tax_img6
28 Jun 2019

The administration system for stamp duty land tax (SDLT) is carried out using a self-assessment form. The details are contained in Finance Act 2003. Usually the solicitor...

OMB_tax_img5
28 Jun 2019

Comparison of share sale and trade and asset saleA purchasing company can acquire a business in one of two ways. It can be done by way of:•a sale of shares, or•a trade...

OMB_tax_img9
28 Jun 2019

This guidance explains further points on the transfer of going concern rules where the transfer includes land and buildings. For guidance on the conditions for the...

OMB_tax_img6
28 Jun 2019

IntroductionThe employment-related securities (ERS) legislation is set out in ITEPA 2003, Part 7. HMRC guidance is available on the HMRC website  and in HMRC’s Employment...

OMB_tax_img9
27 Jun 2019

Targeted anti-avoidance rules (TAARs) which aim to combat cases of ‘phoenixism’ apply to certain distributions made in the process of winding up companies on or after 6...

OMB_tax_img7
27 Jun 2019

Companies are permitted under Companies Act 2006 to repurchase their own shares. This is sometimes referred to as a buy back. Prior to 30 April 2013, repurchased shares...

Latest Guidance
OMB_tax_img9
Owner Managed Business

The value of a company needs to be determined for commercial reasons, for example when the owners intend to sell the company. The main valuation methods are:•capitalised...

OMB_tax_img6
Owner Managed Business

Some proprietors may find that once operating through a limited company, the administrative burden and public filing requirements outweigh any benefits.In order to...

OMB_tax_img5
Owner Managed Business

Restriction of carry forward and carry back of trading lossesFollowing the extensive changes to the loss carry forward provisions introduced from 1 April 2017, the...

OMB_tax_img6
Owner Managed Business

APR reduces the value transferred for inheritance tax purposes when assets such as farmland and farm buildings are gifted either during lifetime or on death. APR works in...

OMB_tax_img6
Owner Managed Business

The administration system for stamp duty land tax (SDLT) is carried out using a self-assessment form. The details are contained in Finance Act 2003. Usually the solicitor...

OMB_tax_img5
Owner Managed Business

Comparison of share sale and trade and asset saleA purchasing company can acquire a business in one of two ways. It can be done by way of:•a sale of shares, or•a trade...

OMB_tax_img9
Owner Managed Business

This guidance explains further points on the transfer of going concern rules where the transfer includes land and buildings. For guidance on the conditions for the...

OMB_tax_img6
Owner Managed Business

IntroductionThe employment-related securities (ERS) legislation is set out in ITEPA 2003, Part 7. HMRC guidance is available on the HMRC website  and in HMRC’s Employment...

OMB_tax_img9
Owner Managed Business

Targeted anti-avoidance rules (TAARs) which aim to combat cases of ‘phoenixism’ apply to certain distributions made in the process of winding up companies on or after 6...

OMB_tax_img7
Owner Managed Business

Companies are permitted under Companies Act 2006 to repurchase their own shares. This is sometimes referred to as a buy back. Prior to 30 April 2013, repurchased shares...