Trusted By:
2 Part Course  | 
Book places now

Tax Issues in M&A

2 Part Course  |  Learn the key issues affecting purchasers, vendors, employee shares and options

Tax Issues in M&A Training Course

A one-day course presented in two half-day live webinars

Video Overview

Click to watch a course overview
and meet your trainer.

Watch on YouTube

  • The trainer is a Chartered Accountant with over 30 years’ experience in Tax Training
  • The course covers a wide range of business and personal taxes
  • There are many numerical examples to aid understanding of potential tax exposure
  • Tax traps and planning areas are highlighted throughout, along with relevant cases

This course will explain to delegates:

  • The key tax issues affecting purchasers, including capital allowances, stamp taxes and tax relief for financing costs
  • The key tax issues affecting vendors, including
    • Business Asset Disposal Relief, with particular emphasis on the changes in FA 2019 and FA 2020
    • The merger tax treatment of various forms of consideration, such as loan notes or earn-outs
  • The key areas where anti-avoidance rules can impact on the merger tax treatment
    • in particular, where an acquired company has brought forward losses
  • The importance of obtaining HMRC clearances
  • Other compliance points (e.g. warranties and indemnities)
  • (In overview rather than detail) the M&A tax issues affecting employee shares and options.

Part One

Advising the Purchasers

  • Purchase of shares or trade?
  • Capital allowances considerations, particularly fixtures in buildings
  • Taking advantage of trading losses in the target, including the new rules from 1 April 2017
  • Financing the transaction – tax relief for interest costs
  • Stamp Duty and Stamp Duty Land Tax considerations in mergers and acquisitions
  • Warranties and indemnities

Advising Individual Vendors

  • Maximising CGT business asset disposal relief (BADR)
    • The importance of “trading M&A company” status
    • FA 2019 changes and published guidance
  • Tax treatment of consideration
    • cash, shares, loan notes and earn-outs
    • QCBs or Non-QCB loan notes?
  • Share buy-backs
    • Conditions for capital treatment
    • Key problems to avoid

Part Two

Case study involving share buy-backs in the context of succession planning and mergers and acquisitions strategies

Advising Corporate Vendors

  • Pre-sale planning
    • Group reorganisations
    • Hive-downs
    • Demergers
    • Mergers and Acquisitions Case study on a capital reduction demerger
    • Depreciatory M&A transactions
  • HMRC Clearances, in particular
    • Section 138 TCGA 1992 re capital gains
    • Section 701 ITA 2007 – the cancellation of tax advantages

Tax Issues affecting employee shares

  • Overview of Employment-related securities (ERS) rules, including
    • restricted securities and s.431 elections
    • convertible securities
    • Earn-out considerations

Our trainer is a Chartered Accountant who qualified with PwC in 1988, spending his last 18 months there in the Corporate Tax department. In 1989 he joined a leading financial training company as a tax tutor. Since 1992, he has been self-employed as a Professional Tutor and Training Consultant, specialising in tax update courses for accountants, lawyers and investment managers.

Our trainer writes for publications such as Taxation and Tax Insider.

There are a huge number of tax issues to consider, across a range of taxes, when dealing with mergers and acquisitions companies' purchases and disposals. This course will look at M&A transactions from both the purchaser’s and vendor’s perspectives and consider both individual and corporate mergers and acquisitions owners.

Emphasis will be given to the unexpected tax charges that can catch the unwary, along with the reliefs available when deals are planned and structured tax-efficiently. Key compliance areas, such as warranties and obtaining HMRC ‘clearance’, will also be discussed.

To aid delegates’ understanding, the course material will include numerous numerical examples.

  • Lots of issues covered good examples and material.
  • Very good instructor. Very clear and explained issues well.
Number of places:
Part 1
Number of places:
Part 2

£695.00

Per participant per part

Discounts available:

Book multiple places on both parts in one order for the below discounts:

  • 2+ places at 40% less = £834.00
    per person
  • 4+ places at 50% less = £695.00
    per person
  • 6+ places at 60% less = £556.00
    per person
  • 9+ places at 70% less = £417.00
    per person
  • ADD TO BASKET REQUEST CALL BACK

    Have this course presented In-House

    • On a date, time and in a location of your choice
    • Topics expanded or deleted to your bespoke requirements
    CLICK HERE TO REQUEST A FEE QUOTE

    Have this course pre-recorded

    • Full course recording edited exclusively for your company
    • Files converted to enable housing on your LMS
    CLICK HERE TO REQUEST A FEE QUOTE

    We use cookies

    In order to show you courses tailored to your profession we use cookies.

    To enjoy all the features of this website please accept.