I was at a meeting last night when the proposed 30 day payment rule was discussed.
Blocking tax avoidance routes is a game of whack-a-mole; the Government hits one down and another one pops up.
Client has company A which is an established trading company with significant value and company B which is newly incorporated. Both are in a similar industry.
Confusing me, this one:
A client sells land and buildings and returns £30k tax, which is paid on time.
The scenario is that client owns 100% of Ordinary share capital in company A.
Company A owns 75% of share capital in company B (which is a new trading company).
I work for a property developer, we have been approached by the sole beneficiary or a very ill property owner who is only expected to live until Xmas and is in Hospital in Canada.
I have a CGT inquiry; I would appreciate if someone could shed some light on it and help me out;
Client has inherited family home from mother. Property sitting a substantial gain.