BUSINESS BOOKS AND REPORTS
Tax Planning Opportunities for Family Businesses in the New Regime
Following recent legislative and case law changes the whole area of tax planning for family businesses requires very careful and thorough attention in order to avoid the many pitfalls. This Report not only draws attention to potential problems but also provides practical advice and solutions on how to overcome them. It deals with the most important planning opportunities relevant to the family concern and is aimed to be of particular use to accountants and others who regularly act for and give advice to owner-managed businesses.
1. INCORPORATION OF THE FAMILY BUSINESS: Income tax implications; Capital gains tax implications; Enterprise Investment Scheme (EIS); National Insurance Scheme Relief; National Insurance Implications; Corporation Tax Implications; VAT Implications; Inheritance Tax Implications; Non Tax Considerations; Stamp Duty; 2. EXTRACTION OF PROFITS FROM THE FAMILY COMPANY: Remuneration Issues; Dividends; Loans; Rental Income; Pension Provision; 3. ONE MAN SERVICE COMPANY: Engineerjob.com; Illustrative Examples; The Current Position; Husband and Wife Arrangements; Action Now; 4. EXPANDING AND STRUCTURING THE BUSINESS: Corporate Structures; Capital Gains Planning; 5. EXIT ROUTES: Capital Gains Tax Planning; Inheritance Tax Planning; Pre-sale Transactions.