Incorporating and Disincorporating a Business

Second Edition

By Mark McLaughlin, Jackie Anderson

Incorporating and Disincorporating a Business provides clear, detailed, and practical guidance on the tax issues, planning points, and pitfalls which may be encountered when incorporating a sole trade or partnership business in the UK, or when transferring a company's business to a sole trader or partnership. The book guides readers through the advantages and disadvantages of incorporation and disincorporation. The book is intended as a single point of reference for UK tax practitioners and business proprietors who need a practical guide to tackling the complexities of incorporating and disincorporating a business. It includes checklists and worked examples throughout, as well as 'Signposts' at the start of each chapter and 'Focus' points to highlight important considerations. Standard claims, elections, and pro-formas are also included. The book includes full coverage of disincorporation issues, following the introduction of disincorporation relief in the UK's Finance Act 2013. Detailed coverage of all taxation issues that may apply to small businesses - including NIC, CGT, IHT, VAT, and capital allowances, as well as coverage of legal, accounting, and compliance issues to be aware of - are also included. Written by practitioners who advise clients on incorporation and post-incorporation issues, the book answers commonly-asked questions and includes new chapters on hot topics such as incorporation of an LLP's business and incorporation of property portfolios. It highlights specific planning issues, pitfalls for the unwary, worked examples, case studies and standard claims, elections, and pro-formas.

Publication Date: 3/3/2016
Format: Paper
ISBN: 9781780439044