How to Save Tax with Effective Share Valuations

Introduction

Aggressive tax planning is now very much on the wane. Accelerated Tax Payment Notices and high profile pursuit of schemes and celebrities have seen to that.

Much can still be achieved, however, through skilful tax valuations. The prerequisites for successful negotiations with HMRC include a comprehensive knowledge and understanding of market value, the more important case law decisions, how to use the rules to the taxpayer's advantage, and how to handle and deal with Shares & Assets Valuation (SAV), HMRC's valuation specialists.

This one day course will provide all that and more. Involving real life cases and examples, the speaker will guide attendees through the minefield that is often fiscal valuation, from the basic methodologies of valuation to the more esoteric examples as to what can be achieved to save tax for clients. Whether participants deal with SAV once a year or on a regular basis, this course will prove essential for Accountants and other advisers.

What You Will Learn

This course will cover the following:

• The statutory and case law basis for fiscal valuation
• What does market value actually mean for tax purposes?
• Conflicts between the real and hypothetical worlds
• Is market value different for different taxes - Separate assets for CGT; aggregation of assets for IHT; more than one possible value for employment income purposes?
• Market value, actual market value, and unrestricted market value
• Articles and other provisions. Their effect upon tax values
• The information standard. What information can and can't be used?
• The special purchaser - does such person exist and relevance of a special price?
• Goodwill - what is it and how is it valued?
• The principal valuation methodologies - earnings, assets, dividend yield, DCF, industry rules of thumb
• Different classes of shares
• Tax valuations and FRS 102
• Contingent tax and other deductions
• Tax advantaged schemes and valuation
• Negotiating with shares & assets valuation
• The detested intruder
• Share rights and making value disappear
• Valuation alchemy - Value appearing from nowhere?
• Making the discount really count
• Personal goodwill or intangible assets?
• Changes arising by reason of a death and effect upon values
• Turning death to taxpayer's advantage
• How to keep your goodwill safe
• Don't turn capital into income
• Protecting business property relief
• Get your ducks in a row for negligible values
• Optimising value for employment income purposes
• Making the special purchaser work for you
• Growth shares
• Turning votes into value