Capital Gains Tax Reliefs for SMEs and Entrepreneurs 2014/15

ISBN-13: 9781780434445 / Angielski / Miękka / 2014 / 660 str.

Rebecca Cave;Chris Williams

Opis

Capital Gains Tax Reliefs for SMEs and Entrepreneurs (formerly the highly-revered Capital Gains Tax, Roll-over, Hold-over and Deferral Reliefs), takes all the essential information on UK capital gains tax reliefs that may apply to small and medium sized businesses (SMEs), and builds a special focus on reliefs available to entrepreneurs. Newly launched in the light of the growing number of reliefs for entrepreneurial businesses in the UK, this book is an ideal companion for all advisers to UK owner-managed businesses, entrepreneurs, business angel investors, and venture capitalists. The specialist technical information guides the reader through the reliefs available for clients' capital transactions, compares and contrasts how different types of businesses can benefit, and gives guidance on how to avoid the pitfalls put in place to prevent the abuse of those reliefs. It outlines the calculation, process, and application of the key tools that allow gains to be deferred, held-over or extinguished, as well as addressing the use of capital losses which may arise. The emphasis is on entrepreneurs' relief, EIS, SEIS, and the newly created social investment relief. Structured to reflect the changing needs of a business and its owners throughout the business lifecycle; from sole-trader to incorporation, expansion to a group, withdrawal of the founders, passing-on the business and disincorporation. The book is designed to be used on a day-in day-out basis, with handy hints, tips, and planning suggestions, a wealth of worked examples, and fully updated to the latest legislation.

Spis treści

Contents: 1. The life of a business; 2. Business asset roll-over relief: conditions; 3. Business asset roll-over relief: calculation; 4. Business asset roll-over relief: shareholders, partners and overseas issues; 5. Entrepreneurs' relief; 6. Incorporation relief; 7. Seed Enterprise Investment Scheme; 8. EIS deferral and disposal reliefs; 9. EIS deferral relief: withdrawn or clawed back; 10. Social Investment Tax Relief; 11. Groups of companies; 12. Intangible asset roll-over relief; 13. Substantial Shareholding Exemption; 14. Reliefs on exchange of shares; 15. Negligible value and share loss relief; 16. Business asset hold-over relief: conditions; 17. Business asset hold-over relief: calculating the held-over gain; 18. Business asset hold-over relief: exceptions, claw-back and valuations; 19. Trusts as business ownership vehicles; 20. Compulsory acquisition of land; 21. Compensation and insurance receipts; 22. Transfer of shares to a SIP or EBT_; 23. Employee-ownership trusts; 24. Disincorporation relief; 25. Planning with CGT reliefs: risks and anti-avoidance