CPDStore

July 19, 10:00

Key Tax Issues for Owner Managed Companies

Speaker: Rebecca Benneyworth - Rebecca Benneyworth Training

In this session, Rebecca Benneyworth will cover areas of interest and concern for those advising owner managed companies. Topics include:

• Is the limited company a spent force? Tax burdens 2023-24 onwards vs self employed
• Associated company rules – a deep dive with lots of examples
• Salary and benefits in kind for company directors
• Quick capital allowances roundup – AIA; SBA reminder; Super deductions; the future?
• Company losses – making the most of it

July 19, 12:00

Using a Property Company to Save Tax

Speaker: Carl Bayley - Author & Presenter

The private rented sector has grown to become a major part of the UK economy and there can be few practising accountants who have not been asked for advice on the many tax issues involved. The idea of using a company to save tax has long-since appealed to many landlords but interest has been further heightened by the introduction of restrictions on interest relief for individual residential landlords. However, the issue of whether to use a company is far from simple and there are many conflicting factors to weigh up.

In this session, Carl Bayley will cover:
• An overview of the taxation of property investment companies, including the impact of the forthcoming changes to Corporation Tax rates
• Advantages of operating a rental business through a company, including potential annual tax savings, and savings on capital gains arising on property disposals
• Disadvantages of operating through a company, including the cost of profit extraction
• The effective double taxation involved in winding up the business and how to avoid it
• Summary of the story so far: which landlords will benefit from using a company
• How to transfer an existing property business into a company tax efficiently

By attending this session, delegates will have a thorough grounding in the issues involved in using a property company, as well as an understanding of the key benefits, pitfalls to watch out for, and the profile of the type of landlord who will benefit by using a company.