INSIGHTS

The Situation:We were engaged by a client seeking assistance with restructuring their company. Having taken ownership from the previous shareholder, the client has been deeply involved in the business for at least 30 years.

What is a Management Buyout?

Labour's first Budget in 15 years has now landed, leaving individuals and businesses of all sizes and in all sectors with plenty to unpack.

A leading VAT expert is calling on private schools to review the accounting treatment of pre-paid school fees in order to avoid huge tax charges at a later date.

We are delighted to announce that ourJerroms Miller Specialist Tax teamhas received the title 'Best Single Office Tax Practice'at theprestigiousTolley's Taxation Awards.

As part of the Jerroms Miller Knowledge Hub, we would like to invite you to our upcoming Webinar on 'Protecting valuable assets held in your trading company'.

Nick Wright explains Employee Ownership Trusts, their benefits, four conditions that must be met and the future of the business.

If you wish to reward the management team in an employee ownership trust with share schemes such as enterprise management incentive options, what are the traps to avoid?

Pete Miller and Nick Wright (Jerroms Miller) answer some of the key questions on this valuable regime.

Government policy is to encourage long-term employee ownership of businesses and the tax break that was introduced in 2014 encourages employee ownership by providing that there is no capital gains tax on the sale of shares to an EOT, so long as a number of conditions are satisfied.

Employee ownership trusts: the good, the bad and the room for improvement

Nick Wright discusses share buybacks and the issues that can arise.

Published in Taxation on 15th August 2022. An area not necessarily at the forefront of every tax adviser's mind when designing company restructure transactions is how the proposals will impact the accounts of the companies subject to the restructuring.

Published in Taxation on 19th July 2022. It is common for clients in the owner managed business sector to adopt some form of remuneration planning.

Published in Taxation on 28th February 2023, written by Pete Miller and Nick Wright. A great deal has been written about selling companies into employee ownership trusts (EOT).

Published in Taxation on 3rd July 2023. When advising on various types of corporate restructures and takeovers, preference shares are a common form of security to issue.

Incorporation relief Incorporation relief, referred to in the legislation as 'Roll-over relief on transfer of business', under TCGA s.162 provides relief where the assets of a business are transferred to a company in exchange for shares. Calculation of relief TCGA 1992 s.162(4) provides the calculation...

Enterprise management incentive (EMI) options are the most popular tax advantaged share option scheme available to private limited companies and for good reason.Published in Taxation on 22nd March 2022, written by Nick Wright.

If so, make sure you seek legal as well as taxation advice first.CPOS - Company Purchase of Own Shares - might appear to be a straightforward, tax-efficient way for shareholders to release funds and exit the business.