Capital Gains Tax Reliefs for SMEs and Entrepreneurs: 2015/16

ISBN-13: 9781780437835 / Angielski / Miękka / 2015 / 688 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. The specialist technical information will guide readers through the reliefs available for UK clients' capital transactions. The book 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 social investment relief. It is 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. Capital Gains Tax Reliefs for SMEs and Entrepreneurs 2015/16 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 UK legislation.

Spis treści

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 EIS deferral relief: withdrawn or clawed back 10.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