The variety of corporate capital management strategies available to the expanding business continues to grow and the means by which enterprise value can be released have become increasingly sophisticated (as evidenced by the burgeoning number of ATOIDs on the subject). The High Court's decision in McNeil focused on one such approach only. This presentation is about the taxation issues which arise when shareholder value is released; whether that be by a trade sale, listing or a continuing participation and includes a consideration of:
Share sales (allocation of the purchase price and valuaton issues)
Restraint of trade and exit payment
Dividends, capital reductions and buy-backs
Whare is learnt from Lend Lease?
Earn outs and CGT issues
Future take out - options issued at a discount
What is learnt from McNeil through examining various forms of "equity" returns (eg rights, options)?
Share sales (allocation of the purchase price and valuaton issues)
Restraint of trade and exit payment
Dividends, capital reductions and buy-backs
Whare is learnt from Lend Lease?
Earn outs and CGT issues
Future take out - options issued at a discount
What is learnt from McNeil through examining various forms of "equity" returns (eg rights, options)?