CGT

Entrepreneurs’ relief is meant to encourage the owners of successful companies. But owners who raise extra funds to grow their businesses can find that doing so means that they lose their entitlement to relief. The draft bill includes measure to alleviate this problem, but they only come into effect on 6 April next year so business owners need to take great care in the timing of any new fundraising.

Natalie Quail

Andrew Goldstone

Andrew Goldstone and Natalie Quail (Mishcon de Reya) consider the eagerly anticipated measures that have been published.

HMRC has added two new CGT calculators to its ‘calculators and tools’ page on GOV.UK. These are the:

capital gains tax shares calculator; and
capital gains tax property calculator.

Mike Lane

Mike Lane (Slaughter and May) examines a recent First-tier Tribunal decision which appears to contain key errors on some fundamental points of tax law.

Mike Lane

Zoe Andrews

Mike Lane and Zoe Andrews (Slaughter and May) provide your monthly update on tax developments affecting the City.

Serena Lee

Stuart Sinclair

Stuart Sinclair and Serena Lee (Akin Gump) explain the tax issues for investors in companies operating on the UK Continental Shelf.

HMRC is consulting until 6 June 2018 on the introduction of a new requirement to make a payment on account of CGT due on disposals of residential property within 30 days of completion.

Pete Miller

Pete Miller (The Miller Partnership) provides an expert guide.

Mark Brailsford

James Hamon

To QCB or not to QCB? Mark Brailsford and James Hamon (Berwin Leighton Paisner) review the judgment in Trigg on whether bonds were QCBs, and consider the wider impact on statutory interpretation.