This title is an essential reference source for tax advisers who need to offer clear and concise guidance clients who are looking to restructure their business. Drawing on the years of transactional experience gathered by the principal authors, Pete Miller and George Hardy, it includes guidance to a variety of topics from the reduction of capital rules, to using them for tax structuring, to EU cross-border transactions.
The guidance is applicable to a wide range of organisations; from small owner managed businesses up to the largest public companies. The basic principles behind the relevant legislation are laid out, including relevant EU legislation such as the Mergers Directive and the Cross Border Mergers Directive.
The commentary then looks at the various options open to companies, from reorganising to branch incorporation. The rules are analysed with the available reliefs laid out.
The new edition is updated in relation to the following:
- Changes to the substantial shareholding exemptions in Finance Act No 2017
- Changes to EIS, SEIS, and VCT investment schemes in FA 2018
- The Stamp Taxes chapter will be updated to take account of the introduction of LBTT in Scotland and LTT in Wales