CPDStore Ireland

10:00am

Capital Acquisitions Tax Update

Speaker: Paul Murphy – Martin J Kelly & Co

This webinar will provide an overview of the main capital acquisitions tax reliefs together with an update on the common tax issues that arise in dealing with the administration of estates.

Paul Murphy will cover the following topics during this webinar:

• Review of the main capital acquisitions tax reliefs
• Ascertaining the valuation date
• Implications of residency and domicile on capital acquisitions tax
• The taxation of estates
• Overview of the tax clearance application process

By attending this session, you will be able to assist in the tax administration of an estate and advise on the potential reliefs available.

This session will be of particular interest to tax advisors and accountants.

Course level: Intermediate

12:10pm

Family Business - Managing Your Exit and Succession Plans

Speaker: Michael O’Scathaill - Crowe

For family businesses, the matter of succession planning will eventually rear its head and can be one of the more challenging issues for them with the interests of a number of parties – including the retiring owners, their family and the business itself – to consider. This session will feature a discussion of the main tax and commercial issues that should be considered including an overview of the key tax reliefs that may be applicable, including some recent changes that may impact significantly on those considering such transactions in the near term. It will consider both a transfer of the business to the next generation and a third-party sale, and will look at how the proceeds of any sale might be managed tax-efficiently. The broader issue of how business assets, proceeds of sale and investment and other assets might be transferred to the next generation in a manner that is both tax-efficient and takes account of the interests of all parties will also be considered. On completing this course, attendees should have a good understanding of the key tax issues and reliefs relevant to this area as well as an overview of some of the main non-tax issues to consider. They should leave the session with an appreciation of the types of structures that may be useful, which they should find useful in advising family businesses, a key client base for most practices.

In this session Michael O’Scathaill will cover the following topics:

• The major commercial issues that should be considered in the context of a transfer of the business to the next generation or its sale.

• An overview of key tax reliefs in this area including Retirement Relief, Entrepreneur Relief, Business Assets Relief and Agricultural Relief, to include recent developments and legislative changes to these reliefs.

• A look at some more complex structures that can be put in place to facilitate a tax-efficient disposal of a business, including the use of personal holding companies and equity structures that facilitate the introduction of family members as shareholders at an earlier stage.

• The use of family partnership structures and family holding companies to hold investment assets.

• Structures and strategies for minimising tax on inheritance or lifetime transfers of assets.

Course level:Advanced