Tax Surgery: Family investment companies – 23rd May 2018

Where are we now – risks and advantages plus family constitutions.

Your Speaker on 23rd May 2018 is Michael Sherry

Family investment companies:

• Entrepreneurs relief vs Substantial shareholding exemption
• Possibilities for BPR
• Modifying shareholdings to give gradual shift of value
• Freezer shares
• Voting only shares
• Capital reduction shares
• (Accidental) Destruction of value and immediately chargeable transfers
• Share valuation – from Jamieson through Crossman and Buccleuch to Gray’s Timber
• Gearing?
• Family constitution purpose form and functions