High Net Worth - Tax Reliefs & Strategies on a SaleExit From a Business in 2024 (Sep 24)
Category: Tax | Duration: 1hr | Tag: VODSEFEIE24D1S5 | Type: Video | Course Level: Intermediate | Speaker: Joe Thompson | Date: 24/09/2024 14:30
Course Details
The course gives all attendees the following insights:
- An understanding of what exit strategies and tax planning opportunities are available for business owners in 2024 in terms of a tax efficient exit from a business or the sale of a business
- Planning for CGT holding company exemption for business owners on a sale of a business through a holding company
- Planning for CGT Retirement relief on a sale/transfer of a business
- Planning for CGT Revised Entrepreneur relief on a sale/transfer of a business
- Review of the Liquidation Option on a wind up of a business
- Other tax planning tools for business owners exiting/retiring in 2024 including the review of pre-retirement pension/PRSA planning and tax-free termination payments
- How to identify pitfalls in client structures with a tax efficient exit in mind
Joe Thompson highlights how the reliefs interact and potential pitfalls to avoid during this session:
- Case Study showing the tax planning for claiming the CGT holding company exemption,
- Case Studies on potential claims for CGT retirement relief/CGT Revised Entrepreneurial relief on a sale/business transfer
- The conditions relevant for claims for CGT holding company exemption, CGT Retirement relief/CGT Revised Entrepreneur relief
- How to maximise pension/PRSA tax planning pre exit/retirement
- How to maximise tax free termination payments pre exit/retirement
- How the tax reliefs interact and potential pitfalls to avoid
CPD Course Speaker
Joe Thompson Tax Advisors
Joe Thompson
Joe is a Chartered Tax Adviser (CTA) having become an Associate of the Irish Tax Institute in 2002. After finishing the Bachelor of Science (Management) Degree course in DIT/Trinity College Dublin, Joe started in a role as trainee tax adviser with a private client tax firm in Dublin and qualified as a CTA in 2002.
Joe gained experience during 2001 while on secondment in Jersey, Channel Islands where he worked in offshore trust and company administration. During 2004, Joe worked in Australia in the taxation departments of State Street and Multiplex, a quoted property and development company based in Sydney, Australia.
Following a return to Ireland in 2005, Joe worked with three of the top private client tax firms in Dublin including working as an Associate Director of a private client tax firm in the period from 2010 to early 2020.
Joe formed Joe Thompson Tax Advisors in 2020 as a private client tax firm aimed at providing high quality tax advice mainly to high net worth individuals. Joe Thompson Tax Advisors also provide taxation advice to families, partnerships, trustees, executors, small/medium businesses and other professionals.
Joe has contributed through lecturing and drafting material for the Irish Taxation Institute including the recent Certificate in Capital Taxes for Private Clients course in October 2019 and has presented on the Taxation of Private Client Investments as part of the Irish Taxation Institute CPD Round Up conferences. Joe has presented regularly to clients and private banks on private client matters.
Joe gained experience during 2001 while on secondment in Jersey, Channel Islands where he worked in offshore trust and company administration. During 2004, Joe worked in Australia in the taxation departments of State Street and Multiplex, a quoted property and development company based in Sydney, Australia.
Following a return to Ireland in 2005, Joe worked with three of the top private client tax firms in Dublin including working as an Associate Director of a private client tax firm in the period from 2010 to early 2020.
Joe formed Joe Thompson Tax Advisors in 2020 as a private client tax firm aimed at providing high quality tax advice mainly to high net worth individuals. Joe Thompson Tax Advisors also provide taxation advice to families, partnerships, trustees, executors, small/medium businesses and other professionals.
Joe has contributed through lecturing and drafting material for the Irish Taxation Institute including the recent Certificate in Capital Taxes for Private Clients course in October 2019 and has presented on the Taxation of Private Client Investments as part of the Irish Taxation Institute CPD Round Up conferences. Joe has presented regularly to clients and private banks on private client matters.