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

Introduction

There are a number of tax problems which are special to close companies, some of which go back many years. In FA 2013, detailed anti-avoidance legislation was introduced to discourage the practice of 'enveloping' valuable houses and flats in companies.

This live broadcast session will identify the main areas of difficulty with close companies and suggest ways of overcoming them.

What You Will Learn

This live and interactive course will cover the following:

• Introduction
• Extended meaning of distribution
• Some thoughts on the settlements legislation
• Loans to participators
• Interest relief for loans to buy shares in, or lend money to, close companies
• Distributions in a winding up and S396B ITTOIA 2005
• Disposals of chargeable assets by close companies at an undervalue
• Transfers of value and IHT
• Extending IHT to enveloped UK residential property

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.