20:20 Innovation logo
Login

Home / Webinar / Incorporating a Sole Trade, Partnership or LLP

Pricing

Non member £99.00 + VAT

Presenter

Martyn Ingles

About Martyn
Book now

What's Included

  • Expert Knowledge from an Industry-Leading Speaker
  • Verifiable CPD hours
  • CPD Tracking and Certificate
  • Live Webinar (if a future date is listed) with Q&A
  • The Recording of the Event
  • Supporting Materials

Objectives

The main objective of this webinar is to provide a refresher for delegates on the key tax considerations when incorporating a business as a limited company or LLP.

The course will also alert delegates to the tax implications of incorporating a property rental business, the CGT and SDLT relief available and pitfalls of getting it wrong.

Key topics

IS A LIMITED COMPANY STILL BEST?

  • Pros and cons of incorporating – in 2025
  • Tax incentives that only apply to limited companies
  • Relief for Start up losses
  • Spouses Wages - Making use of the Employment Allowance
  • Dividends to spouse and other family members
  • Comparison of Limited Company vs Partnership

CAPITAL GAINS TAX IMPLICATIONS OF INCORPORATION

  • No CGT BADR (was Entrepreneurs Relief) on the transfer of Goodwill
  • Alternative CGT reliefs on incorporation
  • Transfer of property business to a limited company
  • Stamp Duty Land Tax on Transfer of Properties

OTHER TAX CONSIDERATIONS ON INCORPORATION

  • Transfer of trading stock on incorporation
  • Capital Allowances on Incorporation
  • Value Added Tax implications of incorporation - TOGC
  • Payroll Issues

WOULD A LLP BE BETTER?

  • Transfer of business to a LLP
  • Comparison with incorporation as a limited company
  • SDLT Exemption on Incorporation of LLP (SDLTM33690)
  • “Hybrid Structures” – What we used to be able to do!
  • Service companies and trading in “parallel”

PARTNERSHIP AND LLP ANTI AVOIDANCE

  • Overview
  • Are LLP members employees?
  • Profit Manipulation
  • Are Some LLP Members Employees?
  • Revised HMRC Guidance on Member Status – February 2024
  • HMRC Change Guidance on Condition C Of LLP Salaried Member Rules
  • HMRC Spotlight 63 – “Hybrid” Structure for Property Businesses
  • Subsequent Liquidation of the Property LLP (Spotlight 69)

Who should attend

Partners and managers in practice who advise businesses that are considering incorporation and need to refresh their knowledge of tax planning opportunities available.

Tax department staff would also find the course beneficial to update their knowledge.