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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...
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....
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...
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...
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...
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....
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...
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..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)...
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...