Is Now the Time To Bring Family Members Into Your Investment Decisions? (Aug 23)
Category: Tax | Duration: 1hr | Tag: VODIRE2350 | Type: Video | Course Level: Intermediate | Speaker: John Murphy | Date: 15/08/2023 11:30
Course Details
John Murphy discusses the following topics during this session:
- Transferring from a sole trade to a company – the options available & the tax reliefs that can be utilised.
- A review of family partnerships and the tax implications on the creation of same.
- Given the increasing property/share prices, now is a great opportunity to allow children to participate in capital appreciation in the future while still maintaining control, a family partnership may be a good option; covering:
- When could such a structure be used?
- What are the benefits of using these?
- What are the tax implications?
- What if there are minor children?
- How do they work?
- What types of partnership are there?
- Can it be structured in other ways to get the same results?
- Registration of limited partnerships
CPD Course Speaker
OmniPro Tax and Legal
John Murphy
As a Director of OmniPro Tax and Legal Limited, John relishes problem-solving to help accountants develop innovative client solutions and sharing his technical knowledge on tax, company law, financial reporting and auditing.
A Chartered Tax Adviser, he advises clients in practice on a range of issues from income tax, tax planning, restructuring to exit planning as well as advising on company law in relation to these and many other matters. In addition, he provides support on financial reporting, auditing and company law; conducts company valuations and advises on pre-sale restructuring. He is also an insolvency practitioner who acts as liquidator in members voluntary liquidations and is a Registered Auditor.
A Chartered Tax Adviser, he advises clients in practice on a range of issues from income tax, tax planning, restructuring to exit planning as well as advising on company law in relation to these and many other matters. In addition, he provides support on financial reporting, auditing and company law; conducts company valuations and advises on pre-sale restructuring. He is also an insolvency practitioner who acts as liquidator in members voluntary liquidations and is a Registered Auditor.