Incorporation relief – What is a 'business' for CGT incorporation relief purposes?

Incorporation relief – What is a 'business' for CGT incorporation relief purposes?

The incorporation of a business will often involve the disposal by a sole trader or partnership to a company of chargeable assets for CGT purposes, such as free goodwill or land and buildings. The disposal will normally be treated as taking place at market value for CGT purposes, on the basis that the parties are. Read more

Controlling persons – the Government's proposed rules and their implications

Controlling persons – the Government's proposed rules and their implications

The government announced in Budget 2012 that measures would be introduced to tackle avoidance through the use of personal service companies. It was also announced that there would be consultation on legislation requiring ‘controlling persons’ who are integral to the running of an organisation to have PAYE and NIC deducted at source by the organisation. Read more

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