Family Business Taxation

(Duration 120-180 mins)

This course aims to provide a range of tax planning ideas with particular emphasis on their usefulness to family partnerships and companies. Also examined are some of the pitfalls and opportunities produced by recent statutory changes and decided cases

The second part of the course will present a topical refresher of many of the areas the advisor will need to take into account when dealing with the transfer of a family business, including topical CGT and IHT planning points.

The course in detail

· Know your client: understanding the family

business structure

· Small companies: profit extraction decisions

· CGT reliefs on incorporation – still a benign regime?

· The importance of advance planning for business

successions

· Entrepreneur relief after April 2008

· BPR and other IHT and CGT reliefs and exemptions

· Sale or gift of the family business – essential tax

checklist