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Entrepreneurs' relief reduces the rate of tax on qualifying business disposals to 10%. The relief is available to individuals and trusts, but not to companies. - For investors' relief, which...
To qualify for relief, the replacement asset must: - be acquired (or an unconditional contract placed) during a qualifying period which starts 1 year before, and finishes 3 years after, the date...
A gift is essentially the transfer of an asset to another person for no consideration, or at less than market value. Gift relief allows the taxpayer to hold over the gain by deducting it from...
Where an individual disposes of a dwelling house which has been their only or main residence throughout their period of ownership, any gain arising on the disposal is exempt from capital gains...
Principal private residence relief is available for disposals of residential property by non-UK residents (such disposals have been liable to Non-Resident Capital Gains Tax (NRCGT) since 6 April 2015)....
Relief ¶¶ Incorporation relief ¶52105 Chattel relief ¶52195 Enterprise Investment Scheme ¶52230 Venture capital trusts ¶52425 Seed enterprise investment scheme ¶52520 Social investment...
From 6 April 2019, investors' relief applies a 10% rate of tax to gains which accrue on the disposal of qualifying shares, with no minimum shareholding required. Crucially, the vendor and any connected...
A client with a significant property portfolio is considering incorporating their business. What are the key considerations and are there any traps to avoid or tax planning ideas you can suggest?
Our subscriber’s business no longer needs such a big premises so he wants to downsize. Despite current market conditions, he expects to get more for the property than he paid for it. Can he...
Your client is a minority shareholder in a company whose shareholding has recently been diluted to below 5%. They are considering making an election to lock in the 10% tax rate. How will the...