Tax Issues in Mergers and Acquisitions Course

 Location: London (Central)

This seminar considers the taxation implications of buying and selling businesses.

The viewpoints of the purchasers and vendors are both considered in depth, with the relevant taxes being covered with worked examples.

The seminar also covers the tax treatment of managers’ shares and tax issues relating to venture capital.

Course categories:Corporate Banking Courses, Investment Banking / M & A Courses, Tax Courses, Investment Banking / M & A Inhouse, Tax Inhouse

COVERED TOPICS

Advising the Purchasers

• Purchase of shares or assets?
• Tax relief for goodwill and intangibles
• Protection of trading losses
• Capital gains de-grouping charge
• Stamp Duty and Stamp Duty Land Tax

Advising Individual Vendors

• Pre-sale planning including pension contributions
• Sale of shares or sale of assets?
• Maximising CGT entrepreneurs’ relief
• The importance of “trading company” status
• Tax treatment of consideration – cash, shares, loan notes and earn-outs
• QCBs or Non-QCB loan notes?

Advising Corporate Vendors

• Pre-sale planning
• Form of consideration – cash, shares, loan notes and earn-outs
• Securing the substantial shareholdings exemption
• Definition of “trading company” for substantial shareholdings exemption

Inland Revenue Clearances, in particular

• Section 138 TCGA 1992 re capital gains
• Section 703 ICTA 1988 re tax advantages

Warranties and Indemnities

• Common tax warranties in share purchase agreements
• Tax treatment of payments under warranties

Tax Issues affecting employee shares

• Taxation of employee shares including restricted securities
• Impact on “earn outs” and MBOs
• “Safe harbour” agreement between BVCA and Inland Revenue
• Problems with “ratchets”

Tax Issues relating to Venture Capital

• An overview of the Enterprise Investment Scheme
• Qualifying companies and excluded activities
• Conditions for the individual investor
• Significance of being “connected” with the company
• The “Business Angel” rule
• Corporate Venturing Scheme relief
• Venture Capital Trusts

REGISTRATION & PRICING INFORMATION

Contact us if you are looking to book multiple participants as we offer discounts as follows:

• 1-2 participants - full price
• 3-4 participants - 15% discount
• 5-6 participants - 20% discount
• 7-8 participants - 25% discount
• Over 9 participants - 30% discount

For more information or to be contacted by the event provider please fill this form:

Registration price

525.00

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Price: 525.00 GBP
Location: London (Central)
Event date: 06.11.2012 - 06.11.2012
Event duration: 7h30
Event time: 09.30 h - 17.00 h

ADDITIONAL DATES

CONTACT US

Email: info@financialveritas.com

Phone: +44 208 133 5917