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Capital Gains

Date: 20th April 2017 | Post by: HaesCooper | Category: Company Tax Updates & Information
You transferred your sole trader business to a company and soon after received an offer to buy its shares. The trouble is selling now will mean losing entrepreneurs’ relief (ER). Why and what steps can you take to preserve it? Tax advantages for companies It’s fairly common for businesses to start life being run by an...
Date: 20th April 2017 | Post by: HaesCooper | Category: Company Director Information, Company Tax Updates & Information
HMRC has issued new guidance to companies where they purchase their own shares. It includes useful tax-saving advice for married couples who both own shares in the same company. What’s the full story? Company buyback There are many reasons why you might wish to sell your shares in a business, for example, you might want to...
Date: 20th April 2017 | Post by: HaesCooper | Category: HMRC Updates, Personal Tax Updates & Information
You own a rental property which you now want to sell. Trouble is you’ll lose a chunk of the proceeds in capital gains tax. A friend tells you that by living in the property for a few weeks you can substantially reduce the tax bill. Is he right? Private residence relief Your friend’s idea is theoretically good. A property...