C

    Capital gains tax - Specific types of asset - Other assets - Debts and loans - 49965

    A debt is described as something which is owed, such as money, goods or services. Debts can be divided into four distinct types for capital gains tax purposes: - ordinary debts; - debts on securities;...

    Loan notes - a tax-efficient payment for your business?

    It’s common for larger companies that buy smaller ones to offer payment wholly or partly in loan notes. HMRC taxes these in one of two ways and as the person receiving them you can choose which....

    Selling your company for loan notes

    You’ve received an offer from another company to buy your business that will result in a large capital gain. However, some of the payment will be in so-called loan notes. Might these save you...

    Is your cashback deal taxable or not?

    One of our subscribers was looking for a loan with tax-free cashback. A colleague said he thought all cashbacks were taxable. HMRC’s website seems to say some are and some aren’t. So what’s...

    claim for a capital loss for an irrecoverable loan to a trader

    Claim for a capital loss for an irrecoverable loan to a traderIf you made a loan to a business which it cannot repay, the amount remaining outstanding may be treated as a capital loss. HMRC requires conditions...