
UK Corporate Tax Adviser Needed — Carried-Forward Losses
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£88(approx. $118)
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- Proposals: 4
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- #4521712
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Description
Experience Level: Expert
I’m seeking an experienced UK corporate tax adviser to review the ownership structure for a new container self-storage business, initially one site with plans to expand to three or four.
I already own a UK limited company conducting futures trading and some strategy consulting. It has approximately £400,000 of confirmed carried-forward tax losses. Their eligibility for use against profits of another group company needs to be established.
The assignment is to compare:
Owning the new storage company personally.
Making it a subsidiary of the existing company.
Establishing a new holding company owning both as separate subsidiaries.
The written review should cover:
The amount, categories and availability of the existing losses, based on the tax computations and supporting records.
Group-relief restrictions, including losses arising before the group is formed, ownership changes and any requirement to continue the existing activity.
The proposed holding-company insertion, including a share-for-share exchange and relevant clearances.
Capital allowances for asset-financed storage containers, subject to the financing terms.
Funding, profit withdrawals, future expansion and sale implications.
Whether my recent permanent return to the UK after approximately two years in Thailand requires a separate residence or cross-border review.
The storage business is expected to lease land on a long-term basis. Accounts, tax computations and provisional business forecasts can be shared securely with the selected adviser.
Please include in your proposal:
Your qualifications and relevant experience with carried-forward group-loss relief and holding-company insertions.
Who would personally undertake and sign off the advice, including any external specialist involvement.
Confirmation of professional indemnity insurance covering this work.
A fixed fee for the initial review and written recommendation, stating assumptions and exclusions.
Expected turnaround time and documents required.
Implementation and ongoing accounting should be quoted separately. The initial engagement is for advice; the ownership structure has not yet been decided.
CTA qualification is preferred, although chartered accountants with demonstrable experience in these matters are welcome. Self-storage experience would be useful but is not essential.
I already own a UK limited company conducting futures trading and some strategy consulting. It has approximately £400,000 of confirmed carried-forward tax losses. Their eligibility for use against profits of another group company needs to be established.
The assignment is to compare:
Owning the new storage company personally.
Making it a subsidiary of the existing company.
Establishing a new holding company owning both as separate subsidiaries.
The written review should cover:
The amount, categories and availability of the existing losses, based on the tax computations and supporting records.
Group-relief restrictions, including losses arising before the group is formed, ownership changes and any requirement to continue the existing activity.
The proposed holding-company insertion, including a share-for-share exchange and relevant clearances.
Capital allowances for asset-financed storage containers, subject to the financing terms.
Funding, profit withdrawals, future expansion and sale implications.
Whether my recent permanent return to the UK after approximately two years in Thailand requires a separate residence or cross-border review.
The storage business is expected to lease land on a long-term basis. Accounts, tax computations and provisional business forecasts can be shared securely with the selected adviser.
Please include in your proposal:
Your qualifications and relevant experience with carried-forward group-loss relief and holding-company insertions.
Who would personally undertake and sign off the advice, including any external specialist involvement.
Confirmation of professional indemnity insurance covering this work.
A fixed fee for the initial review and written recommendation, stating assumptions and exclusions.
Expected turnaround time and documents required.
Implementation and ongoing accounting should be quoted separately. The initial engagement is for advice; the ownership structure has not yet been decided.
CTA qualification is preferred, although chartered accountants with demonstrable experience in these matters are welcome. Self-storage experience would be useful but is not essential.
Waseem K.
100% (1)Projects Completed
2
Freelancers worked with
2
Projects awarded
18%
Last project
10 May 2019
United Kingdom
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