CPD Hours Level
Masterclass 5 UpdateInformation
SRA Competency B
'David was excellent! Presentations were excellent!'
Mr Mostert, Sopher & Co


This masterclass will explore the taxes which apply on the disposal of a business and how these are dealt with in a business purchase agreement.

Aimed at tax professionals and corporate lawyers, it will provide a working example of a hive down alternative for disposing of business assets and high-level demerger alternatives to a hive down within a group.

What You Will Learn

This masterclass will cover the following:

Taxes on Business Disposals

  • Direct taxes on business disposals
    • Capital gains assets
    • Loan relationships
    • Intangible fixed assets
    • Capital Allowances
    • Stock/WIP
  • VAT - TOGC rules
  • Stamp taxes
  • Documenting the disposal, what should the asset purchase agreement say on taxes?
  • International issues, issues arising on multi-jurisdictional business transfers

Hive Downs

  • Group transfers and de-grouping rules for:
    • Capital gains assets
    • Loan relationships
    • Intangible fixed assets
    • Capital allowances
    • Stock/WIP
  • Loss carry forwards and tax assets - anti-avoidance rules
  • Substantial shareholding exemption
  • VAT - TOGC/VAT grouping
  • Stamp taxes and de-grouping
  • International issues - a high level look at structuring where the business is based in a number of jurisdictions

High Level Demerger Alternatives

  • Forms of merger - liquidation reconstruction v return of capital v statutory demerger
  • Obtaining reliefs: s136 TCGA/s139 TCGA
  • Avoiding a distribution
  • Transactions in securities rules
  • VAT

Book now

Future dates are coming soon.
Please let us know if you wish to be notified.
Prices (ex VAT)
Plan Information
Ticket Information
Group bookings
Discounts are available for multiple places and if you have 5 or more people interested in this course and would like to discuss holding it in your area or on an in-house basis then please email us at information@mblseminars.com
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