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

BackgroundThe Scottish GAAR is contained within RSTPA 2014, ss 62–72 (subscription sensitive). The stated purpose of the rule is to protect revenue through counteracting...

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27 Jun 2019

This guidance considers the tax implications of a company going into administration or liquidation.IntroductionAdministrationA company which is in financial difficulty...

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27 Jun 2019

This guidance note follows on from the Demerger via a liquidation - overview guidance note, which gives an introduction to demergers via liquidations (also known as...

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27 Jun 2019

A tax practitioner is most likely to become involved in due diligence in reviewing the target’s tax position on behalf of the purchaser.The aim is to provide a report to...

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27 Jun 2019

This guidance considers the rules relating to trusts after 26 January 2006. It does not consider the rules applicable before that date. This guidance covers UK resident...

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27 Jun 2019

Disincorporation relief came into effect for disincorporations taking place from 1 April 2013 to 31 March 2018. The relief was introduced by Finance Act 2013, ss 58–61....

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27 Jun 2019

BPR reduces the transfer of value for inheritance tax purposes. BPR is given before any annual exemptions. IHTA 1984, s 104BPR applies to lifetime transfers as...

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27 Jun 2019

The transactions in securities (TiS) legislation is anti-avoidance legislation aimed at situations where close company shareholders have engineered a disposal of shares...

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27 Jun 2019

A franchise is the grant of a licence to carry on a ‘copycat’ business by a business (the ‘franchisor’) to a purchaser (the ‘franchisee’). The franchisee would, for...

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27 Jun 2019

In situations where capital treatment applies to the repurchase of a company’s own shares, it is possible to obtain advance clearance from HMRC. The same clearance...

Latest Guidance
OMB_tax_img3
Owner Managed Business

BackgroundThe Scottish GAAR is contained within RSTPA 2014, ss 62–72 (subscription sensitive). The stated purpose of the rule is to protect revenue through counteracting...

OMB_tax_img6
Owner Managed Business

This guidance considers the tax implications of a company going into administration or liquidation.IntroductionAdministrationA company which is in financial difficulty...

OMB_tax_img
Owner Managed Business

This guidance note follows on from the Demerger via a liquidation - overview guidance note, which gives an introduction to demergers via liquidations (also known as...

OMB_tax_img7
Owner Managed Business

A tax practitioner is most likely to become involved in due diligence in reviewing the target’s tax position on behalf of the purchaser.The aim is to provide a report to...

OMB_tax_img
Owner Managed Business

This guidance considers the rules relating to trusts after 26 January 2006. It does not consider the rules applicable before that date. This guidance covers UK resident...

OMB_tax_img8
Owner Managed Business

Disincorporation relief came into effect for disincorporations taking place from 1 April 2013 to 31 March 2018. The relief was introduced by Finance Act 2013, ss 58–61....

OMB_tax_img5
Owner Managed Business

BPR reduces the transfer of value for inheritance tax purposes. BPR is given before any annual exemptions. IHTA 1984, s 104BPR applies to lifetime transfers as...

OMB_tax_img5
Owner Managed Business

The transactions in securities (TiS) legislation is anti-avoidance legislation aimed at situations where close company shareholders have engineered a disposal of shares...

OMB_tax_img8
Owner Managed Business

A franchise is the grant of a licence to carry on a ‘copycat’ business by a business (the ‘franchisor’) to a purchaser (the ‘franchisee’). The franchisee would, for...

OMB_tax_img9
Owner Managed Business

In situations where capital treatment applies to the repurchase of a company’s own shares, it is possible to obtain advance clearance from HMRC. The same clearance...