Description
Book SynopsisRayney's Tax Planning for Owner-Managed Businesses provides authoritative and clearly written guidance on all aspects of tax planning that impact on the operation of OMBs in the UK from running the business in a tax-efficient way to succession planning. The commentary will be updated in line with the provisions of Finance Act 2023, recent relevant case decisions and new guidance issues by HMRC. The commentary draws heavily on the many years of experience Peter Rayney has had, advising companies of many sizes on their tax strategies. It is back up with the inclusion of numerous worked examples to illustrate the practical and commercial implications of a range of typical situations. As well as looking at the structure and operation of the company and an overview of appropriate tax strategy, the book deals with the planning strategies that might be applied at various stages of the business life cycle, including remuneration strategies, benefits and expenses, share issues, company reorganisations, selling the company and succession planning.
Table of Contents1 The Family and Owner-Managed Company, Tax Planning Concepts, and Tax Avoidance 2 Extracting Funds from the Company 3 Shareholding and Corporate Structures 4 Trading Company and Investment Company Computations under CTSA 5 Remuneration Strategies 6 Personal Service Companies and Off-Payroll Working 7 Benefits and Expenses 8 Providing shares to employees 9 Distribution of profits and dividend planning 10 Pension Scheme Strategies 11 Share Issues and Financing the Company’s Activities 12 Expanding the Company’s Activities and Structuring Business Acquisitions 13 Share Transfers, Share Buy-Backs and Company Reorganisations/Demergers 14 Valuing a Family or Owner-Managed Company 15 Selling the Owner-Managed Business or Company 16 Winding-Up, Administration of Companies and Disincorporation 17 Succession Planning and Passing on the Family or Owner-Managed Company
