Tax Insider Tip: Incorporation Relief And Directors’ Loan Accounts: Watch Out For CGT!

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This article is prompted by reader feedback. Based on that feedback, there appears to be some misunderstanding about how capital gains tax (CGT) incorporation relief (under TCGA 1992 s 162) works and when it is available. A specific issue appears to be in relation to directors’ loan accounts (DLAs), as set out below.

In a recent issue Property Tax Insider Lee Sharpe looks at the incorporation of a business, and some issues affecting incorporation relief for capital gains tax purposes.

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>>  Incorporation Relief And Directors’ Loan Accounts: Watch Out For CGT!

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