Our tax team is versatile, agile and experienced enough to meet the wide range of client needs which arise in a full-service law firm in a straight-forward and common-sense manner. Our clients appreciate the clear and unambiguous advice we deliver about a complex and rapidly evolving area of law.
Our Corporate Tax solicitors specialise in all areas of corporate transactional and advisory tax. Please see our areas of focus below for more details. We work closely with our colleagues across Michelmores to ensure optimum collaboration between tax advice and transaction implementation.
Corporate tax
We advise on the full range of corporate transactional matters supporting both colleagues and clients through the transaction. Our work includes:
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- Mergers and acquisitions
- Joint ventures
- Reorganisations
- Management buy-outs
- Share buy-backs
- Investor reliefs such as EIS and SEIS
Share Schemes and Incentives
We assist businesses to evaluate the options available to most effectively motivate and attract staff and ensure their interests are aligned with those of the employer. Our work includes:
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- Designing and implementing all forms of share incentive scheme including tax and non-tax advantaged schemes and arrangements such as growth shares and phantom option schemes
- liaising with HMRC and valuation experts on valuations where required
- advising on the administrative aspects of the share option scheme
- advising senior management on remuneration structure and incentive packages
Employee Ownership Trusts
EOTs are an increasingly common ownership structure for business owners, particularly as an alternative to a trade sale or management buy-out. Working with your preferred accountants, our work in this area includes:
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- Reviewing the tax structuring for the EOT ownership structure
- Advising on the incentive options for employees and management within the structure
- Reviewing the tax clearances required
- Drafting and settling the required legal documentation to implement the EOT
Real Estate tax
We advise on the full range of real estate tax matters. We work closely with teams across the Michelmores sectors such as Agriculture, Energy, Private Wealth and Finance & Investment on both transactional and advisory work and our work includes:
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- stamp duty land tax
- VAT
- capital allowances
- the construction industry scheme
- where necessary, the direct taxes such as corporation and income tax as these may relate to real estate work
Employment tax
In addition to our incentives expertise, we also provide tax advice on a range of employment tax issues. Our work includes:
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- employee shares and share option tax advice in transactional contexts
- tax treatment of settlement agreements and other payments made on retirement or hiring of an employee
- Post employment notice pay issues
- corporation tax, national insurance tax and income tax implications of inbound or outbound employees and remote working
- off-payroll working rules and IR35 rules
