Capital gain relief

Capital gain relief

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Hi 

I am dealing with one of my client and facing some problem.I will highly appreciate if all the member of the website provide me some information regarding this problem

1.One of my client just sold his business premises including business which he used as a confectionary business , So is there any capital gain relief available for him from this sales? ie any intreprenure relief 

2.Now he wants to invest the whole proceeds to buy taxi Stand for his new business so what tax implication will arise from this? ie any roll over relief and how i will notify HMRC in tax return?

Thanks 

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By Paul Soper
16th Jan 2014 11:42

Help - sheets...

If you go to the revenue website you will find an area where you can download self assessment forms and the accompanying help sheets - try this part and you should find the answer to your questions - http://search2.hmrc.gov.uk/kb5/hmrc/forms/view.page?record=jwrHAxRnsvo&f...

intreprenure relief?  I think you mean entrepreneurs' relief - Helpsheet HS275

roll over relief - Helpsheet HS290

Read those first because they will answer your questions - if they don't then we need much more information than you have provided so far

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