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Restructure and Recovery
Scannell & Associates has a wealth of experience in the taxation of, and tax planning for companies in administration and liquidation, and groups who wish to simplify corporate structure by reducing the number of active and dormant companies.
We can assist in the following areas:
- Reviewing company pre–administration/liquidation tax affairs to establish, and assist with, claims for prior year corporation tax refunds
- Transaction tax planning, to minimise and shelter tax on gains on disposals of goodwill, property/land and buildings by companies in a process, who are selling businesses or company shareholdings
- Calculating tax liabilities in the administration or other process for the purposes of assisting the IPA determine likely outcomes for creditors/distributions to shareholders
- Preparation and submission of corporation tax computations and returns for pre-and post administration/liquidation periods
- Restructuring/managing intergroup indebtedness to avoid unwanted tax charges
- Tax planning to reduce the corporation tax liability for a company/group
- Assistance and tax planning for company reorganisations, before, during and after administrations/liquidation
- Amend and re-file elections in the liquidation period in respect of prior periods for which circumstances have now changed (i.e. group relief claims/surrenders, planning for capital gains)
- Seeking ‘clearance’ from HM Revenue & Customs so that companies can be struck off
For more information please contact us.
