This guide is designed to provide an invaluable source of money-saving advice for anyone who advises or runs a family or owner-managed company in the UK. It examines a wide variety of tax planning matters from the viewpoint of the company, its working and non-working shareholders, and its employees. This fully updated tax annual contains effective strategies for dealing with particular problems and opportunities for UK family and owner-managed companies, including: extracting funds * remuneration strategies * benefits and expenses * succession planning and passing on the company * selling and winding up the company * reorganizing shares and trading activities (including share buybacks) * dividend strategies * employee share schemes * pension scheme strategies. Worked examples illustrate complex points throughout. Each chapter concludes with useful checklists of planning points referring to the tax position of the different parties.