Documents for Business
In excess of 1,000 customisable documents covering every conceivable business issue.Search all documents in Documents for Business
Flow chart - capital gains tax private residence relief
Flow chart - capital gains tax private residence reliefPrivate residence relief prevents or reduces capital gains tax being payable from the sale or transfer of a property that's been your home for all or part of the time you owned it. The once simple... Read more
Rent or business asset disposal relief checklist
Rent or business asset disposal relief checklistIf you personally own property that your company uses for its business, there can be tax advantages to having the company pay you rent. However, doing so can mean a higher capital gains tax bill when yo... Read more
Holdover relief claim
Holdover relief claimWhen you give away an asset for no consideration, or knowingly sell it for less than it's worth, you will be charged capital gains tax based on the market value. However, you might be able to make a claim to hold this gain over de... Read more
Claim for small part disposal relief - compulsory purchase
Claim for small part disposal relief - compulsory purchaseIf you are forced to sell your land to a local authority under a compulsory purchase order, you could benefit from an expanded form of small part disposal relief.Part disposals - generallyWhen... Read more
CGT unpaid proceeds claim
CGT unpaid proceeds claim If you sell an asset and the buyer fails to pay all or part of the proceeds, and you are unable to recover them, you can claim a reduction for the amount of gain chargeable to tax. Consideration payable after saleWhere you s... Read more
Claim for small part disposal of land
Claim for small part disposal of landIf you sell any part of a plot of land you must work out if you made a capital gain or loss on the transaction. However, if conditions are met, you can make a claim under s.242 Taxation of Chargeable Gains Act 199... Read more
CGT schedule of capital enhancements
CGT schedule of capital enhancements The cost of enhancing an asset, such as structural alterations or improvements to a property, is a capital expense. The cost of the enhancement is deductible when calculating the capital gain or loss following the... Read more
CGT EIS deferral relief claim
CGT EIS deferral relief claim Investing in enterprise investment scheme (EIS) shares gives you an opportunity to defer capital gains tax (CGT) that would otherwise be payable.Claiming reliefEIS deferral relief, sometimes referred to as EIS rein... Read more
CGT negligible value claim
CGT negligible value claimIf you own an asset that has become of negligible value, i.e. worthless, you can make a negligible value claim which entitles you to treat the asset as if it were sold for nothing. The effect of this is to create a capital l... Read more
Claim for a capital loss for an irrecoverable loan to a trader
Claim for a capital loss for an irrecoverable loan to a traderIf you made a loan to a business which it cannot repay, the amount remaining outstanding may be treated as a capital loss. HMRC requires conditions to be met before it will accept the loss... Read more
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