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    Capital gains tax - Specific types of disposal - Scope - 48000

    The term disposal is not defined by the legislation, and therefore retains its everyday meaning. The most common form of disposal is a change in the ownership of an asset as a result of sale, exchange,...

    Capital gains tax - Specific types of disposal - Capital sums derived from assets - General principles - 48115

    A disposal is deemed to arise when a capital sum is received in respect of an asset: - as compensation for damage, loss, or destruction (including payments received from insurance policies);...

    Capital gains tax - Specific types of disposal - Special relationship with the seller - 48280

    A special relationship with the seller may result in a particular capital gains tax treatment in the following situations: - no gain/no loss disposals, commonly involving spouses/civil partners...

    Capital gains tax - Specific types of disposal - Other potential disposals - 48485

    Deemed disposals, requiring at least the valuation of an asset, occur on: - death; - the grant and subsequent exercise of an option; and - the occurrence of avoidance activity involving value shifting.

    Cashing in capital gains

    The effect of the so-called “Boris bounce” on the stock market has faded but values of some shares have held up. If you want to cash in how do you work out the optimum number of shares to...

    Selling your business - tax traps to avoid

    You’re selling your business and as part of the deal you’ll stay on in a managerial role for three years. You’ll then be paid an additional sum based on the profits made over that period....

    Realising tax-free cash from your assets

    You need a little extra cash. You could take it from your company which has a healthy bank balance, but this usually means more tax and possibly NI. Is there a way to get cash from your company...

    IHT and CGT - avoiding damage when two taxes collide

    Inheritance tax and capital gains tax planning can work against each other and even result in double taxation. How can you dodge this trap?

    How to use your children’s CGT exemptions

    Shifting investments to your children to avoid tax on the income they generate is a very limited tax-saving strategy, but it can work for capital gains tax. How can you make it work for you?

    Claim for relief for damaged asset

    Claim for relief for damaged assetCapital gains tax may be payable on capital sums which derive from assets. For example, compensation payable to you for damage to an asset. However, if you use...