An employer wants to give shares to employees and allow them to defer payment. Karen Cooper looks at the tax issues.
The availability of entrepreneurs' relief and the timing of gains should be reviewed whenever there is a share reorganisation or a sale of shares in exchange for shares or loan notes in the acquiring company. Paula Tallon and Paul Howard set out the relevant considerations for advisers.
Five thousand homes, each worth more than £2m, are held through corporate structures that allow the owners to avoid UK taxes, according to unpublished government estimates obtained by Exaro.
The government is consulting on a new annual charge on residential properties valued over £2m owned by certain ‘non-natural’ persons, and a proposed extension of capital gains tax to the disposal by non-resident, non-natural persons of residential property for more than £2m.
Andrew Penman answers a reader's query on tax on a retiring partner.
HMRC seeking penalty for incorrect share loss relief claim
The CIOT technical team has published an update stating that HMRC has confirmed that letters sent to taxpayers, requesting further information from those who have decided to pursue 'Mansworth v Jelley' CGT loss claims based on its 2003 guidance, do not constitute 'decisions' which trigge
HMRC has updated five of the toolkits designed to help reduce common errors in the completion of tax returns:
HMRC requested comments by 11 May on a draft statutory instrument to amend regulations to allow investors in PAIFs to exchange their units in a dedicated PAIF feeder fund for units in the PAIF and vice versa, in specified circumstances, without incurring a capital gains tax charge.