Who is eligible for 10% tax on business sale?20191016040000

Who is eligible for 10% tax on business sale?

October 16, 2019
Entrepreneurs' Relief (ER) can be valuable relief when selling your business, your shares in a trading company or your interest in a trading partn...
What is Capital Gains Tax incorporation relief?20191008040000

What is Capital Gains Tax incorporation relief?

October 8, 2019
If you own a business as a sole trader or in partnership, a Capital Gain will arise if your business is transferred into a company structure. The gain...
Making a loss when you sell your home?20191002040000

Making a loss when you sell your home?

October 2, 2019
One of the most often used and valuable of the Capital Gains Tax (CGT) exemptions is Private Residence Relief, which usually exempts any profit made o...
Gifts to spouse or charity20191002040000

Gifts to spouse or charity

October 2, 2019
There is usually no Capital Gains Tax (CGT) to be paid on the transfer of assets to a spouse or civil partner. There is, however, still a disposal tha...
Claiming Entrepreneurs’ relief20190911040000

Claiming Entrepreneurs’ relief

September 11, 2019
Entrepreneurs' relief applies to the sale of a business, shares in a trading company or an individual’s interest in a trading partnership. W...
New CGT rules for homeowners20190828040000

New CGT rules for homeowners

August 28, 2019
Currently, if a property has been occupied at any time as an individual’s main private residence, the last 18 months of ownership are disregarde...
The meaning of goodwill20190820040000

The meaning of goodwill

August 20, 2019
Goodwill is a term we hear about often, but interestingly, is rarely mentioned in legislation. In fact, the term 'goodwill' is not defined for...
Earlier payment dates for Capital Gains Tax20190730040000

Earlier payment dates for Capital Gains Tax

July 30, 2019
Currently, the due date for paying any Capital Gains Tax (CGT) owed to HMRC is the 31 January, following the end of the tax year in which a Capital Ga...
Tax free gifts to spouse or charity20190722040000

Tax free gifts to spouse or charity

July 22, 2019
As our readers are most likely aware there is usually no Capital Gains Tax (CGT) due on the transfer of assets between husbands and wives and civil pa...
Disposal of goodwill – capital or income20190710040000

Disposal of goodwill – capital or income

July 10, 2019
The First-Tier Tribunal (FTT), in the case of Villar v Revenue and Customs examined whether the disposal of goodwill was capital or income in nature. ...
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