Owner-Managed Businesses Guidance

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Sale & acquisition of a business

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Latest Guidance
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27 Jun 2019

This note outlines some additional factors to take into account regarding pension contributions on cessation or sale of a business.Clearly, one of the biggest issues on...

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27 Jun 2019

In certain situations, gift relief is available to defer capital gains on gifts of business assets, which would otherwise be immediately chargeable to CGT.This guidance...

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27 Jun 2019

This guidance note deals with the tax consequences for shareholders and companies involved in either a ‘Type 2’ or ‘Type 3’ ‘indirect’ statutory demerger. For an...

OMB_tax_img5
27 Jun 2019

Tax treatment of giftsA gift is a disposal for capital gains tax purposes. TCGA 1992, s 17Despite not receiving any money from the recipient, the donor could have CGT to...

OMB_tax_img6
27 Jun 2019

Valuations may be required for tax purposes in many different scenarios, including:•on grant of share options to employees in a tax-advantaged share scheme•where the...

OMB_tax_img3
27 Jun 2019

A group may have grown without much planning and a point may be reached where it is thought that the group could be run more efficiently by separating out various parts....

OMB_tax_img7
27 Jun 2019

This guidance note considers some practical and planning points relating to entrepreneurs’ relief. For guidance on the calculation of and qualifying conditions for...

OMB_tax_img6
27 Jun 2019

VAT is normally charged on the sale of goods or services in the course or furtherance of a business. However, if a business is transferred as a going concern, the supply...

OMB_tax_img8
27 Jun 2019

The guidance below contains specific comments on clearance applications as they refer to non-statutory and statutory demergers, and should be read in conjunction with the...

OMB_tax_img3
27 Jun 2019

Entrepreneurs’ relief is capital gains tax (CGT) relief that allows business owners with chargeable gains on qualifying business assets to pay CGT at a rate of 10%. This...

Latest Guidance
OMB_tax_img7
Owner Managed Business

This note outlines some additional factors to take into account regarding pension contributions on cessation or sale of a business.Clearly, one of the biggest issues on...

OMB_tax_img4
Owner Managed Business

In certain situations, gift relief is available to defer capital gains on gifts of business assets, which would otherwise be immediately chargeable to CGT.This guidance...

OMB_tax_img2
Owner Managed Business

This guidance note deals with the tax consequences for shareholders and companies involved in either a ‘Type 2’ or ‘Type 3’ ‘indirect’ statutory demerger. For an...

OMB_tax_img5
Owner Managed Business

Tax treatment of giftsA gift is a disposal for capital gains tax purposes. TCGA 1992, s 17Despite not receiving any money from the recipient, the donor could have CGT to...

OMB_tax_img6
Owner Managed Business

Valuations may be required for tax purposes in many different scenarios, including:•on grant of share options to employees in a tax-advantaged share scheme•where the...

OMB_tax_img3
Owner Managed Business

A group may have grown without much planning and a point may be reached where it is thought that the group could be run more efficiently by separating out various parts....

OMB_tax_img7
Owner Managed Business

This guidance note considers some practical and planning points relating to entrepreneurs’ relief. For guidance on the calculation of and qualifying conditions for...

OMB_tax_img6
Owner Managed Business

VAT is normally charged on the sale of goods or services in the course or furtherance of a business. However, if a business is transferred as a going concern, the supply...

OMB_tax_img8
Owner Managed Business

The guidance below contains specific comments on clearance applications as they refer to non-statutory and statutory demergers, and should be read in conjunction with the...

OMB_tax_img3
Owner Managed Business

Entrepreneurs’ relief is capital gains tax (CGT) relief that allows business owners with chargeable gains on qualifying business assets to pay CGT at a rate of 10%. This...