Tax Aspects of Corporate Reconstructions - A Scottish Perspective

Introduction

The taxation of corporate transactions can be complex but, if properly understood by practitioners, it should be possible to ensure that commercial transactions are not subject to unnecessary tax liabilities.

This 2-hour virtual classroom course will take you through the key tax rules for company reorganisations, such as inserting a holding company, or separating an investment property business by way of a capital reduction demerger that involves the transfer of property that is situated in Scotland.

A detailed case study will demonstrate how the rules work in practice and will update the participants on the current practice of the HMRC BAI Clearances Team, including practical guidance on how to obtain advance clearance.

What You Will Learn

This live and interactive session will cover the following:

• Reorganisations
• What is a reorganisation?
• Reduction of capital
• Share exchanges
• Share-for-share exchanges
• Interactions with other taxes
• Demergers
• What is a demerger?
• Why carry out a demerger?
• Reduction of capital demerger
• Other aspects
• Stamp Duty issues
• Land and Buildings Transaction Tax issues
• HMRC Clearances

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.