Butterworths Tax Planning for Buying and Selling Companies

The basic capital gains tax calculation on the disposal; acquisitions of net assets of a business; disposal of net assets of a business; acquisition of shares; disposal of shares; putting the package together; perliminary transfers of shares, etc. Chapter 2: the capital gains arising in disposal; computation of gain on disposal; timing of closure; tax payable - amount, date of payment, ACT set off. Chapter 3: tax planning for vendor; individuals and trustees; retirement relief; reinvestment relief; companies; consideration in shares or securities; deferred consideration; pre-sale divideneds; directors' loan accounts, etc; tax liabilities rebounding in vendor. Chapter 4: tax planning for the purchaser; relief for loan interest; availability of reinvestment relief; use of new company as acquisition vehicle; post acquisition dividends and financial assistance; relief for loss of investment; stamp duty; consideration in shares or securities. Chapter 5: company purchase; use of losses and surplus ACT; use of trading losses; use of surplus ACT; use of CGT losses; granfro relief. Chapter 6: Inland Revenue clearences; tranasactions in securities; paper for proper transactions; other clearence. Chapter 7: VAT implications; purchase of business - going concern transfer; purchase assets; land and buildings - option for taxation. Chapter 8: the pre-sale tax investigation; unincorporated businesses; companies - general; tax warranties and indeminities; the disclosure letter.