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    Capital gains tax - Reliefs - Reliefs for business assets - Entrepreneurs' relief - 51000

    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...

    Capital gains tax - Reliefs - Reliefs for business assets - II. Rollover relief - The replacement asset - 51300

    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...

    Capital gains tax - Reliefs - Gift relief - 51550

    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...

    Capital gains tax - Reliefs - Principal private residence relief - 51930

    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...

    Capital gains tax - Reliefs - Principal private residence relief - Special situations - Disposals by UK non-residents - 52060

    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)....

    Capital gains tax - Reliefs - Other reliefs - 52100

    Relief ¶¶ Incorporation relief ¶52105 Chattel relief ¶52195 Enterprise Investment Scheme ¶52230 Venture capital trusts ¶52425 Seed enterprise investment scheme ¶52520 Social investment...

    Capital gains tax - Reliefs - Other reliefs - Reliefs for external investors - Investors' relief - 52700

    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...

    Property business incorporation: planning and traps

    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?

    Downsizing your business premises - defer your tax bill

    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...

    Dilution protection elections: valuing the shares

    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...