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    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...

    Advising a client on incorporation

    You are taking on a self-employed trading client. Their business had been loss making for a number of years before turning a modest profit in the most recent tax year. They have just secured...

    Transferring the family business - a tax trap

    A few years ago you transferred shares in your company to your children and deferred the capital gain. One of them is now moving abroad. Your accountant warns you this might trigger a tax bill....

    Capital gains tax calculator

    Capital gains tax calculator This calculator has three separate capital gains tax tools; one for sales of land or buildings one for the sale of chattels and other for share sales.How to...

    Using EIS to reduce tax on capital gains

    You want to sell one of your shareholdings because you think the price has peaked. However, you’ve already used your annual exemption which means you’ll lose some of your gain to tax. How...

    claim for a capital loss for repayment of a loan as guarantor

    Claim for payment under a guaranteeOne way of helping a growing business is to act as guarantor to its loan finance. If things don't turn out as planned and you are called upon to make good some...

    Extra tax savings when incorporating a business

    In December 2014 the government introduced rules to block the capital gains tax (CGT) advantage that could be gained from incorporating a business. Despite the changes you can still legitimately...

    CGT-free property transfers

    The Upper Tribunal has chipped into the argument on whether property rental counts as a business or an investment. Why might its decision be an important one for landlords looking to reduce their...

    “Happy Birthday!”

    Your client has some quoted shares which he’d like to give to his daughter for her birthday. The shares are worth considerably more than he paid for them. He asks if he can make this gift without paying...