Tax Efficient Profit Extraction from Businesses & Companies

Introduction

The challenge is clear.

A company has made substantial profits and your client is looking to extract them from the business in the most tax efficient manner. What used to be a relatively simple exercise has become considerably more complicated in the last four years. Various legislative changes have made this task more challenging.

This course will explore two routes for wealth extraction; income and capital.

The course also looks at the way that share schemes could be used to engineer an exit from the business whilst maintaining very valuable tax reliefs.

What You Will Learn

This course will cover the following:

• The income stream and the impact of the changes to dividend taxation
• The rules on disguised remuneration and loan charges
• The income stream and the interaction between payments of:
• Salary
• Dividends
• Benefits
• Loans
• Deferred remuneration
• The capital stream and the ability to extract wealth from a company in terms of the sale or disposal of assets in the business or shares
• The impact of the changes to:
• Entrepreneurs relief
• Members voluntary liquidation
• Transactions in securities legislation