CPD Hours Level
Learn Live 5 UpdateInformation
SRA Competency B


This virtual classroom session 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 live and interactive session 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

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.

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Learn Live | 27.10.2022

N/A | 10:00am - 4:00pm

Hive Downs & Taxes on Business Disposals - Hive Up or Hive Down?

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10:00am - 4:00pm

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Group bookings
Discounts are available for multiple places. If you have 5 or more people interested in participating in this virtual learning session please email us at group@mblseminars.com for more information.

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