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Speaker
Dermot ReillyPartner Private Company [email protected]
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PricewaterhouseCoopers
Cashflow
Utilising losses
Maximising deductions
Availing of tax incentives
Falling asset values
Property issues
Preparing for the upturn
Share freezing
Management incentivisation
Owner/Personal
Agenda
The tax dimension
PricewaterhouseCoopers Slide 229 April 2010How to be the breakaway company in the upturn
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PricewaterhouseCoopers
Company losses
Tradinglosses 2009
Total incomeplus gains
2008
Trading income2010 et seq
Other incomeplus gains
2009
Offset on value basis
How to be the breakaway company in the upturn
Utilising losses
The tax dimension
Slide 329 April 2010How to be the breakaway company in the upturn
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PricewaterhouseCoopers
Maximising deductions
Relief on payments basis (interest, pensions, share payments)
Convert general provisions to specific
Borrowing funds
Interest relief @ 25% (companies)
Refinancing between group companies
Refinancing between spouses
How to be the breakaway company in the upturn
The tax dimension
Slide 429 April 2010How to be the breakaway company in the upturn
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PricewaterhouseCoopers
Availing of tax incentives
Research and Development
Patents
Accelerated capital allowances for energyefficient equipment
How to be the breakaway company in the upturn
The tax dimension
Slide 529 April 2010How to be the breakaway company in the upturn
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PricewaterhouseCoopers
Falling asset values - Opportunities
Crystallising losses
Is now the time to gift?
Extracting assets from companies
How to be the breakaway company in the upturn
The tax dimension
Slide 629 April 2010How to be the breakaway company in the upturn
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PricewaterhouseCoopers
Property issues
Leases
Variation
EscapeValues
Gains/losses
Property extraction
80% tax rate
Refinancing e.g. spouse
How to be the breakaway company in the upturn
The tax dimension
Slide 729 April 2010How to be the breakaway company in the upturn
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PricewaterhouseCoopers
Share freezing technique
Management incentivisation
Prepare for the upturn - housekeeping
How to be the breakaway company in the upturn
The tax dimension
Slide 829 April 2010How to be the breakaway company in the upturn
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PricewaterhouseCoopers
Company
Shareholders
(1)
Company
ExistingShareholders
(2)
NewShareholders
A shares B shares
Freeze value of A shares
Future appreciation in B shares
Control retained by A shares
How to be the breakaway company in the upturn
The tax dimension
Share freezing
Slide 929 April 2010How to be the breakaway company in the upturn
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PricewaterhouseCoopers
Management Incentivisation
Aim secure CGT rate (25%)
Share schemes
Convertible shares F.A. 2008
But,
Convert which shares?
No conversion Hurdle arrangements
Share freezing
Clog on sale
How to be the breakaway company in the upturn
The tax dimension
Slide 1029 April 2010How to be the breakaway company in the upturn
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PricewaterhouseCoopers
Owner/Personal
Balance: personal financial security and futureof business
Pensions
Cash extractionRealisations
Negligible value claims
Business/wealth succession
Family
Wills
How to be the breakaway company in the upturn
The tax dimension
Slide 1129 April 2010How to be the breakaway company in the upturn
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PricewaterhouseCoopers
Maximise tax opportunities
Get house in order
Summary
29 April 2010Slide 12How to be the breakaway company in the upturn
The tax dimension
PricewaterhouseCoopers Slide 1229 April 2010How to be the breakaway company in the upturn
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