Disincorporation - I'm an OMB Company, Get Me Out of Here!

Objectives

This webinar will discuss the multiple tax issues that influence a decision as to whether to disincorporate a private company, something that has become a more likely strategy since the increases in corporation and dividend tax rates, coupled with significant National Insurance cuts. It will cover practical as well as tax points and will be of use to anyone who advises OMBs.

Key topics

• Reasons why disincorporation is a topical issue and why it may now be tax-efficient
• Comparison of a striking off with a formal liquidation
• FA 2016 anti-avoidance if continuing similar activities after a liquidation
• Tax traps and planning when extracting assets from a company
• Use of company’s losses when the trade ceases
• Commencement of trade as an unincorporated business
• VAT: transfer of registration or deregistration?

Who should attend

Anyone who is involved in providing advice to OMBs or wants a greater understanding of the current tax issues affecting them.