Intangible Fixed Assets

Intangible Fixed Assets

An important potential advantage of trading through a limited company (as opposed to a partnership or sole trader) is the availability of tax relief for the amortisation of goodwill under the intangible fixed asset legislation (CTA 2009, Part 8), where certain conditions are satisfied. The intangible fixed asset rules were originally introduced in Finance Act. Read more

Beneficial Ownership: Mark McLaughlin Discusses CGT

Beneficial Ownership: Mark McLaughlin Discusses CGT

It ought to be straightforward enough to identify who has made a disposal for Capital Gains Tax (CGT) purposes. Of courses, tax is seldom black and white. The tax legislation offers little help. It simply states: “Tax shall be charged… in respect of capital gains, that is to say chargeable gains… accruing to a person. Read more

BPro Tax

Tax Online

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