We can help you with the tax side of corporate and business transactions, such as business sales and purchases, corporate mergers and acquisitions, management buy-outs, joint ventures and company restructurings.
Our services cover the full range of tax issues, and we provide whatever you need, depending on the nature of the transaction.
On a share sale by individual shareholders, for example, you need to consider the availability of entrepreneurs’ relief for capital gains tax purposes. Likewise, on a share sale by corporate shareholders, it’s important to take into account the availability of substantial shareholder relief for corporation tax purposes. And on any share sale, sellers will normally give a tax covenant in relation to the inherent tax liabilities of the company being disposed of, which will need review and negotiation.
If a company is to issue share options, or offer shares to employees, capital gains tax and income tax issues come into play. We have dealt with the grant of a number of tax-favoured share options in favour of company employees.
On a business assets acquisition, the VAT issues need to be addressed, as will the stamp duty land tax implications if acquiring properties.
In relation to company restructurings, tax clearances will often be required from HMRC, and we have experience of both undertaking and reviewing tax clearance applications. We have obtained tax clearances for several companies’ share buy-backs.