I have a company, owned by two people, one of whom wishes to retire and take up a consultancy role, the other who wishes to take more of a back seat with a view to scaling down to retirement in the
I have been looking at the CGT nature of the Severn River Crossing 6% Index linked debentures that were redeemed in July 2013.
The case of Eugene Blaney v HMRC illustrates the use of the ‘badges of trade’ approach in determining whether or not activities amounted to a trade for the purpose of claiming relief for Capital Ga
Husband and wife purchase property 50/50 in 2004 for 118k.
In 12/13 they separate.
In 13/14, the wife and her 2 sisters purchase the property for 125k and they now own it 1/3 each
Here is a brief note of some of the changes announced by the Treasury on 3 December 2014 and a reminder of some other things that will come into force on 5 April 2014.
I have a client with two investment properties (residential, buy to let). She is moving from her residential flat into one of these properties.
The recent case of Alison Clarke v HMRC illustrates the kind of factors that the tribunal will consider when assessing whether or not the taxpayer was using a property as their sole or main residen
Can anyone put me straight on a question where research tends to reveal conflicting advice and TCGA 92 is (as ever) as clear as mud!
A and B trade in partnership. A owns the property from which the partnership trades. Market rent is paid to A in respect of the occupation of the property.
Liberal Democrat plans to increase the top rate of capital gains tax to as much as 35% will send a “bad signal” to business, according to the CBI.