Disincorporating a business - CPD module

This month’s exclusive Accountancy Daily CPD module will look at the tax pros and cons of disincorporating a business

In simple terms, disincorporating a business means transferring the trade carried on by the company to the shareholder or shareholders. After the transfer, the trade is carried on by the individual or individuals on a sole trade or partnership basis and in most cases, the company is wound-up or liquidated.

Completing this module will enable you to:

  • the reasons for disincorporation and identifying businesses which may need to consider this approach;
  • how to disincorporate a business and the mechanics of incorporation;
  • the tax consequences for the company and how to keep tax liabilities to a minimum; and
  • the tax consequences for the individual in order to get the best after-tax result.

This CPD module takes 20 minutes to complete and is followed by a short quiz to ensure thorough learning. There are also detailed course notes to ensure a full learning experience. Any CPD learning is also automatically added to Your CPD Tracker.

The CPD course lecturer is Stephen Relf ACA CTA, senior tax writer at Croner-i.

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