From 1 July 2021 new rules will apply governing how vendors and purchasers allocate the purchase price to the various components of a transaction.
These rules will radically change how the vendor and the purchaser perform these allocations. For example, they will apply to almost all transactions of commercial land
and farm land and force the vendor and the purchaser to use the same allocation to say the buildings and fittings.
Upon satisfactory completion of this activity you will be able to:
- Advise what the rules are concerning purchase price allocation.
- Advise on the opportunities for your clients when they undertake capital transactions.
- Discuss your client’s objection rights when the other party to a transaction attempts to impose an inappropriate allocation.
Total CPD Hours: 1.25 (1 hour + 15 mins. Q&A)
Partners and senior staff members who advise on the tax consequences of significant capital transactions.
Jim Gordon, Director, Jim Gordon Tax Ltd
Jim Gordon FCA started preparing farm accounts in 1974. He has been involved with almost all of the primary sector tax reforms since 1986. Jim brings a wide range of
both theoretical and practical experience to his presentations.
- 1 June 2021
2:00 pm - 3:15 pm