C
Claims for private residence relief can become complex. Tribunal cases involving disputed claims are becoming more common. How can you use two recent cases to support a client’s claim for relief?
Business Asset Disposal Relief (known as Entrepreneurs' relief in the 2019/20 and prior tax years) reduces the rate of tax on qualifying business disposals to 10%. The relief is available to individuals...
The deadline for claiming the relief is the first anniversary of 31 January following the tax year of the qualifying disposal. Typically this will be done by making a claim in the self-assessment...
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...
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...
Flow chart - capital gains tax private residence reliefPrivate residence relief prevents or reduces capital gains tax being payable from the sale or transfer of a property that's been your home...
Flow chart - business asset disposal relief Business asset disposal relief (BADR), known as entrepreneurs' relief until 6 April 2020, reduces the rate of capital gains tax for on gains made from...
A client wants to discuss options for deferring the tax on a gain they will be realising in the near future. You don’t have any other details at the moment and so want to research as wide a...