Investors' relief is a new CGT relief introduced by Finance Act 2016, designed for people who invest in unquoted trading companies without being involved in the management or operation of the business.
Did you know that a corporate landlord can't deduct its borrowing costs when calculating the profits of its rental business? Don't believe me? Well, it's true. And in this article we are going to find out exactly why.
Tucked away towards the end of this year’s Finance Bill is a series of clauses which are to do with “State aids granted through provision of tax advantages”. These clauses, when enacted, will empower HMRC to request information from any person who is claiming a tax incentive under any of the statutory schemes that are listed in the legislation.
It cannot have escaped most people in the UK that Google has just done a deal with HMRC, agreeing to pay a certain amount of money as a settlement for the tax that they are said to owe the UK Government.
Autumn Statement 2015 has given us yet another set of restrictions on intangibles related tax relief. These new rules are designed to plug a gap in the existing provisions that determine when intangibles created before 1 April 2002, are to come within the corporate regime.
In Part One, we saw how the degrouping rules prevent capital assets from leaving a group tax free within a corporate wrapper. This article finishes off with a few miscellaneous, but important points concerning the operation of these rules.
This is the third article in our series on corporate tax groups where we explore the rules governing intra-group transactions, and how they are taxed. In this article we shall look at the rules relating to capital assets.
This is the second in a series of articles on venture capital trusts. In this, and the next article, we shall take a closer look at the investors - who they are, how they can invest, and what are the strings attached to the investment.
This is the first in a series of articles on venture capital trusts, an investment vehicle designed for those who want to invest in growth stocks but who want the comfort of having a professional manager doing the hard work for them.
The purpose of the Venture Capital Schemes is to provide funding for companies that are in the relatively early stage of the business cycle. At the time of writing, there are four separate schemes, each one offering generous tax breaks to investors as a re
A Real Estate Investment Trust - or REIT for short - is a property investment company which pays no tax on the income and capital gains derived from its rental assets. Instead, the tax is effectively transferred to the shareholders, who are treated as if t
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