Newth Talks Tax - Business asset

Posted by AccountingWEB PM | on Mon, 11/02/2008 - 09:59  5269  1 comment

Business asset

On 11 April 2007 an anonymous member asked if an accountancy practice was a business asset for CGT taper relief purposes.

In view of the December 2007 pre-budget report and the uncertainty about certain aspects of future CGT legislation, this is an extremely important issue.

Continued...

» Register now

The full article is available to registered AccountingWEB members only. To read the rest of this article you’ll need to login or register.

Registration is FREE and allows you to view all content, ask questions, comment and much more.

Tags
Tax
More like this
Comments

Why no taper if Limited company?

Anonymous | Thu, 21/02/2008 - 11:11 | Permalink

Hi John - Could you please explain the comment that if shares are sold in a limited company which runs an accountancy practice, why there would be no taper relief? Surely they are as much a business asset as any shares in an unquoted trading company?
Thanks

Related links
Rebecca Benneyworth & Intuit deliver RTI Implementation Gripes: free whitepaper
Drive growth and boost profitability with these 10 steps: Free whitepaper
Free access to tax tools and calculators