This course covers key tax considerations and common pitfalls that advisors and their clients need to be aware of when companies make certain distributions. 
While many privately-owned businesses think this is as simple as withdrawing the cash, or changing the title on an asset, the implications if they get this wrong can be very expensive.

We will cover the tax implications of a variety of company distributions and provide a practical explanation of the key tax considerations and potential traps using examples.

These include the following:

• The tax implications of cash versus in specie dividends
• When deemed dividends occur and their tax implications
• How to confirm when share buy-backs are taxable and when they are not
• Planning for the tax consequences of distributions made on a company winding up
• Tax issues with dividends paid to non-resident shareholders
• Remunerating shareholders: PAYE salaries vs. shareholder salaries
• Key considerations when making payments to relatives
• The implications of providing key employees with shares in a company
• When do the personal income attribution rules apply and what are the consequences?
• Effective use of management fees and the implications of recent cases

Benefits:
You will have greater understanding of the key tax considerations and “red flags” associated with common company distributions.

Suited to: 

• Accountants with clients that are companies or that hold interests in companies
• Lawyers regularly dealing with companies and providing advice and assistance with documentation for client company distributions
• Professionals providing advice on company funding structures, shareholder remuneration and company winding ups
• Financial controllers or other internal finance group personnel for companies or other organisations holding interests in companies

Total CPD Hours: 3