Written by Peter Rayney, a past President of the CIOT, this book provides advice on a range of factors impacting the tax planning activity undertaken by most businesses.
The structure of the book enables readers to navigate quickly to an area that interests them, whether it be the extraction of funds from the company, remuneration strategies or the treatment of benefits and expenses. All chapters contain practical worked examples to back up the guidance given. The commentary summarises the key planning points from the viewpoints of the company itself, the shareholders and in some instances the employees. Planning checklists appear at the end of all relevant chapters.
As well as reflecting recent HMRC guidance and relevant case decisions, the content is updated in line with the provisions brought in by Finance Act 2022 and key aspects of the Autumn 2022 tax proposals.
Read an extract of Rayney's Tax Planning for Family and Owner-Managed Companies 2022/23
Table of Contents
Preface 1.The Family and Owner-Managed Company: Tax planning concepts and tax avoidance - 2.Extracting Funds from the Company 3.Shareholding and Corporate Structures 4.Trading Company vs Investment Company – computations under CTSA 5.Remuneration Strategies 6.Personal Service and Managed Service Companies 7.Benefits and Expenses 8.Providing Shares to Employees 9.Distribution of Profits and Dividend Planning 10.Pension Scheme Strategies 11.Share Issues and Financing the Company's Activities 12.Expanding the Company's Activities and Structuring Business Acquisitions 13.Share Transfers, Share Buy-backs, and Company Reorganisations/Demergers 14. Valuing a Family or Owner-Managed Company 15.Selling the Owner-Managed Business or Company 16.Winding-Up, Administration of Companies and Disincorporation 17.Succession Planning and Passing on the Family or Owner-Managed Company -