There are many reasons why you might want to restructure or reorganise your company or group.

It could be that you’re preparing the business for sale, you’re looking to take advantage of new opportunities, or you’re adapting to changes in the market. You might also choose to restructure to reduce your debt, cut costs or focus on your core activities.

Whatever your goal, though, it is vital to make sure that your course of action doesn’t trigger any unforeseen and/or unnecessary tax charges.

At Jerroms Miller Specialist Tax, we have extensive experience in advising  company owners and shareholders on all forms of reconstructions and reorganisations, including demergers and incorporations. Working closely with our clients to understand their key commercial objectives, we use our expertise to help them achieve their aims as tax efficiently as possible. We also work with corporate lawyers to ensure that our proposed structure is implemented in line with the tax planning.

Minimising tax liabilities

When we design a transaction, we always focus on reducing, and where possible, eliminating ‘dry tax’ – a situation where tax liability arises without the individual having the funds to pay for it. We look to minimise clients’ exposure to  stamp taxes and make sure that proposed reconstruction won’t affect any previous tax planning. By doing this, we avoid, for example, crystallisation of grouping charges on a former property transfer, and make sure that any share incentive schemes still qualify.