C

    Capital gains tax - Specific types of asset - Land and interests in land - 49000

    The general rules for the computation of chargeable gains and allowable losses apply equally to land. However, there are a number of provisions which relate specifically to land and interests...

    Capital gains tax - Specific types of asset - Land and interests in land - Miscellaneous provisions - Relief for exchange of joint interests - 49225

    In the normal course of events, where land which is owned jointly (whether as joint tenants or tenants in common) is partitioned between the joint owners, a disposal will be deemed to arise....

    Capital gains tax - Specific types of asset - Shares and securities - 49280

    From 6 April 2008, the rules relating to the disposal of shares and securities by individuals, trustees and personal representatives were significantly simplified. From that date, all shares...

    Capital gains tax - Specific types of asset - Partnership assets - 49670

    Where two or more persons carry on a trade or business as a partnership, any tax on chargeable gains arising from partnership assets will be assessed and charged on them separately. Any partnership dealings...

    Capital gains tax - Specific types of asset - Other assets - 49850

    Situation ¶¶ Wasting assets ¶49865+ Assets on which capital allowances can be claimed ¶49915 Disposal of know-how ¶49925 Disposal of plant subject to long funding lease ¶49935+ Debts and...

    Sold your home - when do you need to report it to HMRC?

    You sold your home and moved to a new one a few weeks ago. You thought all the paperwork was done and dusted but a friend now tells you that you need to tell HMRC about the sale or face a fine....

    Should rumours of increased CGT rates cause concern?

    The Office of Tax Simplification has made a number of recommendations to the government, including aligning capital gains tax (CGT) rates with income tax. What should you be advising clients...

    Selling the company: taxing the consideration correctly

    One of your clients has built up their trading company from scratch. They have received an offer for their shares which they are keen to accept, but the purchaser is proposing to issue loan notes...

    New property disposal guide

    New property disposal guide..Property. Since April 2020 there has been a single system for reporting disposals made by: UK residents realising a gain on UK residential property (or an interest therein)...

    Selling your company - break it up to save tax

    You’ve found a buyer for your business. They don’t want to buy the company itself, only its assets. You’ve been told that this can increase the tax you’ll have to pay on the sale. How...