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Vol 21 No 11 Nov/Dec 2016

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Criminal Injuries Compensation Claims

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Incorporating and Disincorporating a Business 2nd ed


ISBN13: 9781780439044
Previous Edition ISBN: 9781780434179
Published: February 2016
Publisher: Bloomsbury Professional
Country of Publication: UK
Format: Paperback
Price: £110.00



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Incorporating and Disincorporating a Business, 2nd ed provides clear, detailed and practical guidance on the tax issues, planning points and pitfalls which may be encountered when incorporating a sole trader or partnership business, or when transferring a company's business to a sole trader or partnership.

This authoritative handbook considers the taxation implications when an existing business is transferred to or from a company, provides a thorough analysis of the advantages and disadvantages of such transactions and addresses related issues in company and commercial law, as well as in other areas.

This second edition covers:-

  • apital gains tax entrepreneurs' relief restrictions on disposals of goodwill to a related party upon incorporation, and the corporation tax intangible fixed assets restriction of claims for the amortisation of goodwill
  • Other relevant changes introduced in Finance Act 2015 and Finance (No 2) Act 2015
  • The new dividends tax regime for companies, which potentially affects corporate profit extraction following incorporation
  • The incorporation of limited liability partnerships
  • Relevant case law such as Roelich v HMRC (incorporation relief under TCGA 1992, s 162), Keyl v HMRC (capital allowances on incorporation) and Wildin v HMRC (goodwill valuation upon incorporation)
The practical assistance contained within this book includes numerous worked examples, tables comparing the overall tax position for incorporated and unincorporated business owners, precedents, sample claims and elections.

This edition includes chapters which have been consolidated, restructured and renamed, to make the book as a whole easier to follow and understand. The user-friendly structure features 'signposts' at the beginning of each chapter to provide a useful summary of the main points and 'focus points' which highlight important issues in each chapter.

Subjects:
Company Law, Taxation
Contents:
Chapter 1 Why incorporate?
Chapter 2 Income tax and cessations
Chapter 3 National Insurance contributions
Chapter 4 Capital allowances
Chapter 5 Capital gains tax
Chapter 6 Stamp taxes
Chapter 7 Inheritance tax
Chapter 8 Value added tax
Chapter 9 Goodwill
Chapter 10 Legal issues
Chapter 11 Accounting and other considerations
Chapter 12 Assets held outside the company
Chapter 13 Corporate profit extraction
Chapter 14 Close companies
Chapter 15 Anti-avoidance
Chapter 16 Employment status
Chapter 17 Investment business
Chapter 18 Incorporation of a limited liability partnership into a limited company
Chapter 19 Why disincorporate?
Chapter 20 Disincorporation - tax issues for the company
Chapter 21 Disincorporation - tax issues for individual shareholders
Chapter 22 Disincorporation relief
Chapter 23 Winding up the company