There are important changes to the conditions that apply in order for a taxpayer to claim Entrepreneur’s Relief (ER) on disposal of their shares in their personal company.
As the VAT registration threshold is to be frozen at £85,000 until at least April 2022, more businesses will be drawn into the VAT net simply by increasing their prices by inflation every year.
Directors sometimes borrow assets or money from their company, intending in the future to repay or make good the cost to the company so that a benefit in kind tax charge doesn’t apply.
Several of my limited company clients allow directors/shareholders to overdraw their director loan accounts. What should be considered in this situation?
The proprietors have spotted a gap in the market and wish to expand into that field. The company is looking to raise further share capital through another round of EIS investment. What are the restrictions given the age of the company?
A Family Investment Company (‘FIC’) is a company whose shares are held by family members. Those family members may also be employees or directors of the company. An FIC is an effective tool to facilitate wealth succession and family tax planning.
Query about the possible buyback of shares in a private company
We sometimes get asked about how to dispose of reserves of a company when it has ceased trading – here are some options when closing down a company