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    Income tax - Income from UK land and property - Furnished holiday lettings - Treatment as a trade - 23585

    When a rental business consists of the letting on a commercial basis of furnished holiday accommodation (including caravans) in the UK, the activity is generally treated as trading. All of a...

    Capital gains tax - Capital gains tax losses - General reliefs - Current year relief - 47310

    Subject to one exception, for each year of assessment, the total allowable losses are deducted from the total chargeable gains arising in the year. With the introduction of different rates of...

    Capital gains tax - Reliefs - Reliefs for business assets - Business Asset Disposal Relief - 51000

    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...

    Capital gains tax - Reliefs - Reliefs for business assets - Business Asset Disposal Relief - Operating the relief - Claiming - 51145

    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...

    Trusts, settlements and estates - Taxation of estates - Capital gains tax - Personal representatives - Disposals made by the personal representatives - Calculation of the gain - Business asset disposal relief - 66400

    Business asset disposal relief (previously known as entrepreneurs' relief) is not available to personal representatives, but it is available to will trustees, provided that there is a qualifying beneficiary...

    Trusts, settlements and estates - Capital gains tax and trusts - Disposal of assets by the trustees - General calculation - Business asset disposal relief - 68105

    Business asset disposal relief (previously entrepreneurs' relief) (¶51000+) reduces the rate of tax on a disposal of trust business assets to 10%, provided that the trust has a qualifying beneficiary who...

    Rent or entrepreneurs' relief checklist

    Rent or entrepreneurs' relief checklistIf you personally own property that your company uses for its business, there can be tax advantages to having the company pay you rent. However, doing so...

    Capital gains tax - Entrepreneurs’ relief (business asset disposal relief) - Lifetime limit cut

    Lifetime limit cutEntrepreneurs’ relief (ER) was introduced in 2008 and operates to apply a special 10% rate of CGT to gains made on qualifying disposals. Mainly, this applies to disposals...

    Changes to entrepreneurs’ relief

    Changes to entrepreneurs’ relief..Budget. With everything else happening in the world, 11 March 2020 already feels like a long time ago. However, the 2020 Budget contained some key...

    Budget highlights 2020

    The Chancellor delivered a long-awaited Budget that promises to lay the foundations of the UK’s future prosperity. What are the key tax announcements to be aware of?