Incorporating and Disincorporating a Business: Second Edition

ISBN-13: 9781780439044 / Angielski / Miękka / 2016 / 528 str.

Mark McLaughlin; Jackie Anderson

Opis

Incorporating and Disincorporating a Business provides clear, detailed, and practical guidance on the tax issues, planning points, and pitfalls which may be encountered when incorporating a sole trade or partnership business in the UK, or when transferring a company's business to a sole trader or partnership. The book guides readers through the advantages and disadvantages of incorporation and disincorporation. The book is intended as a single point of reference for UK tax practitioners and business proprietors who need a practical guide to tackling the complexities of incorporating and disincorporating a business. It includes checklists and worked examples throughout, as well as 'Signposts' at the start of each chapter and 'Focus' points to highlight important considerations. Standard claims, elections, and pro-formas are also included. The book includes full coverage of disincorporation issues, following the introduction of disincorporation relief in the UK's Finance Act 2013. Detailed coverage of all taxation issues that may apply to small businesses - including NIC, CGT, IHT, VAT, and capital allowances, as well as coverage of legal, accounting, and compliance issues to be aware of - are also included. Written by practitioners who advise clients on incorporation and post-incorporation issues, the book answers commonly-asked questions and includes new chapters on hot topics such as incorporation of an LLP's business and incorporation of property portfolios. It highlights specific planning issues, pitfalls for the unwary, worked examples, case studies and standard claims, elections, and pro-formas.

Spis treści

Chapter 1 Why incorporate? Chapter 2 Income tax and cessations Chapter 3 National Insurance contributions Chapter 4 Capital allowances Chapter 5 Capital gains tax Chapter 6 Stamp taxes Chapter 7 Inheritance tax Chapter 8 Value added tax Chapter 9 Goodwill Chapter 10 Legal issues Chapter 11 Accounting and other considerations Chapter 12 Assets held outside the company Chapter 13 Corporate profit extraction Chapter 14 Close companies Chapter 15 Anti-avoidance Chapter 16 Employment status Chapter 17 Investment business Chapter 18 Incorporation of a limited liability partnership into a limited company Chapter 19 Why disincorporate? Chapter 20 Disincorporation – tax issues for the company Chapter 21 Disincorporation – tax issues for individual shareholders Chapter 22 Disincorporation relief Chapter 23 Winding up the company