A Masterclass on Overcoming Close Company Tax Problems - Live at Your Desk

Introduction

There are many taxation aspects which are special to close companies, some of which go back 100 years. In FA 2013, the wide-ranging ‘loans to participators’ regime was strengthened. At the same time, detailed anti-avoidance legislation was introduced to discourage the practice of ‘enveloping’ valuable residential properties in companies and this was significantly extended by F(No2)A 2017.

This virtual classroom session identifies the main problem areas with close companies and suggests ways of overcoming them.

What You Will Learn

This live and interactive course will cover the following:

• Extended meaning of distribution
• Some thoughts on the settlements legislation
• Loans to participators
• Close company loans written off - can you avoid an NIC charge?
• Interest relief for loans to buy shares in close companies
• Distributions in a winding up and S396B ITTOIA 2005
• Holdover relief considerations
• Disposals of chargeable assets by close companies at an undervalue
• Transfers of value and IHT
• Extending IHT to enveloped UK residential property
• ATED in 2024

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.