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. ...
Claiming Entrepreneurs’ Relief when selling your business20190626040000

Claiming Entrepreneurs’ Relief when selling your business

June 26, 2019
Entrepreneurs' Relief (ER) can be a valuable relief when selling your business, your shares in a trading company or your interest in a trading par...
Selling the family heirlooms20190618230000

Selling the family heirlooms

June 18, 2019
There are special rules concerning the payment of Capital Gains Tax (CGT) on the sale of personal possessions also known as 'chattels'. Person...
Reminder of “bed and breakfasting” rules20190528230000

Reminder of “bed and breakfasting” rules

May 28, 2019
Historically, the term bed and breakfasting (sale and repurchase) of shares referred to transactions whereby someone sold shares one day and bought th...
CGT and chattels20190514230000

CGT and chattels

May 14, 2019
A charge to Capital Gains Tax (CGT) usually arises after an asset is sold. However, there are special rules concerning the sale of certain personal as...
Entrepreneurs’ relief minimum period increased from April 201920190514230000

Entrepreneurs’ relief minimum period increased from April 2019

May 14, 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...
The scope of CGT incorporation relief20190514230000

The scope of CGT incorporation relief

May 14, 2019
Where a taxpayer owns a business as a sole trader or in partnership, a Capital Gain will be deemed to arise if the business is converted into a compan...
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