The tax affairs of a Company Director can quickly become complex particularly if the Director is also a shareholder of the company.  It can also be extremely difficult for people to get truly impartial tax advice unless they are prepared to pay the high fees which professional tax advisors can demand.

Quite often when a director arranges his or her affairs with the intention of minimising personal tax, the consequence can be an increase in the company’s tax liability.  This seminar helps company directors plan their affairs in a tax efficient manner. It highlights the main features of savings and investment schemes such as ISAs, the Enterprise Investment Scheme and Venture Capital Trusts, and it examines the tax effect of contributions to personal pensions.

Careful planning can lead to significant reductions in Capital Gains Tax and Inheritance Tax for owners of businesses. The seminar outlines the strategies which minimise both taxes.

Finally, the seminar looks at the ways in which the tax suffered by the business itself can be reduced, focussing on the various reliefs and allowances available.

The course answers the following questions 

• Should a director be paid in salary or dividends?
• What are the considerations when deciding whether or not to take a company car?
• How can I ensure that a termination payment will be free of Income Tax?
• What are the various types of share option schemes?
• Which are the tax-efficient ways to invest in businesses?
• How does an Individual Savings Account (ISA) operate?
• How is property income taxed?
• How do Gift Aid payments work?
• How will pension contributions reduce my tax?
• What do the terms “resident”, “ordinarily resident” and “domiciled” mean?
• How can I reduce Capital Gains Tax when selling my business?
• Can I avoid including my business in my death estate for Inheritance Tax purposes?
• Which is the fastest way to claim tax relief when my business purchases assets or incurs losses?
• What do I need to consider when my company sells its subsidiaries or repurchases its own shares?
• How can IHT on transfers to trusts be reduced?