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 relating to land - 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 of...

    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...

    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...

    Tax break for owners of companies in trouble

    Coronavirus is having a devastating effect on the trade of many companies which might result in closure or a negative balance sheet. What tax relief for these losses is available to the shareholders and...

    Advising on the changes to CGT on property sales

    The way that capital gains tax on property gains is paid is changing from 6 April 2020. What are the new requirements and how can you take advantage of the rules in some circumstances...

    Cashing in capital gains

    The effect of the so-called “Boris bounce” on the stock market has faded but values of some shares have held up. If you want to cash in how do you work out the optimum number of shares to...

    claim for a capital loss for an irrecoverable loan to a trader

    Claim for a capital loss for an irrecoverable loan to a traderIf you made a loan to a business which it cannot repay, the amount remaining outstanding may be treated as a capital loss. HMRC requires conditions...