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Disguised distributions: Private equity considerations
The ‘close’ company and ‘loan to participator’ legislation exists as anti-avoidance to prevent privately owned companies...
Enterprise management incentive schemes: some common pitfalls
In the midst of the ‘Great Resignation’, and strong competition for talent, it has become key for businesses to look at ...
Old school or new school?
Historically, trusts have been the ‘go to’ for passing wealth between generations as they provide a well-trodden and ver...
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An early exit
Without appropriate planning, it is well known that earn-outs can make the negotiation of a deal more challenging, espec...
A wide range
The original TiS legislation was first introduced in 1960 and was designed to prevent arrangements that allowed individu...
Pressing reset
Artificial enhancement of securities Let us suppose that there is a business which is underperforming....
MoU refresher
This article looks at the memorandum of understanding (MoU) between the British Venture Capital Association (BVCA) and H...
Surprise, surprise
On a due diligence exercise, it is common for the purchaser to request joint ITEPA 2003 s 431 elections from the target ...