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I would like some advice on is on Capital Gains Tax, more
I would like some advice on is on Capital Gains Tax, more specifically, the 10% Entrepreneurs' Relief option. In May 2015, I sold part of my business, which was a website. The total sale value was $29… read more
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What is the best way in terms of taxation of the 2
What is the best way in terms of taxation for one of the 2 directors of a Ltd Co to sell his shareholding to the other for cash & leave the business which will continue to run. The business has been t… read more
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I am after clarification of the application of Entrepreneurial
I am after clarification of the application of Entrepreneurial Relief to reduce capital gains on the sale of agricultural land. The land belonged to my father who died in February last year, he had fa… read more
bigduckontax
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A father dies and leaves a hotel worth £5000000 to his wife
A father dies and leaves a hotel worth £5000000 to his wife and 3 children in equal shares. What taxes are payable if any and at what rates. How can we mitigate these taxes is Enterpreuners relief all… read more
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hi there, i was told that there is a possibility to claim back
hi there, i was told that there is a possibility to claim back taxes paid the previous tax year(I was employed) if I start a company based in the UK and hire some people. I could apparently get a gran… read more
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I am buying a hotel as a going concern, and have set up a limited
I am buying a hotel as a going concern, and have set up a limited co for the operating arm of the business but it has been suggested i set up a seperate limited co to buy the property. I am looking fo… read more
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We sold our business which qualified us for entrepreneural
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TaxVince
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I have trading losses brought forward but will be selling my
I have trading losses brought forward but will be selling my limited company hopefully soon this year and it looks like I will make a capital gain on the sale if all goes well and the price is agreed … read more
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I have a partnership that changed in dec 2010 to limited company. This
I have a partnership that changed in dec 2010 to limited company. This is how I intend to handed it the value of the balance sheet as at dec 2010 is 346,825 I intend to add 3 years profit as goodwill.… read more
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I have a business in partnership with my wife. T/0 c 2m. Profits
I have a business in partnership with my wife. T/0 c£2m. Profits c£200,000. Business has been valued at £1m. We want to go limited and therefore sell the business for £1m to our new co where we are th… read more
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Thinking about selling my land of which i purchased 22yrs
Thinking about selling my land of which i purchased 22yrs ago.Would i be entitled to Entrepurneus or Capital Gains tax. I joint own the land with my Brother.Thankyou Alan Reeves… read more
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1) I want to set up a website. Chances are it will not make
1) I want to set up a website. Chances are it will not make any money. Is there any way I can offset the loss I make against my income tax? I do not want to set up a limited company at the outset due … read more
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My daughter, son and I own a property development company.
My daughter, son and I own a property development company. I hold a controlling interest. We have been working for some years promoting a green belt site for hotel development. My daughter and I are t… read more
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On a salary of 72,000 pa, what will be my take home pay per
On a salary of £72,000 pa, what will be my take home pay per month? what is the capital gaines rate, is there any legal way of writing off an amount from selling your business, ie any debt to be paid … read more
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I am purchasing a running business. Family are investing whole
I am purchasing a running business. Family are investing whole amount. Would a loan or an equity interest be better?. If equity what are the capital gains cost on selling - does each euity holder get … read more
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In light of the pending changes to the CGT. If I was to sell
In light of the pending changes to the CGT. If I was to sell my business now what would be the best way to sell it, As an asset sale or a transfer of shares (It's a Ltd company residential care home)… read more
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We would like to know the most efficient way to transfer ownership
We would like to know the most efficient way to transfer ownership of a Limited company from Father to Daughter and Son in Law when The Father owns the shares at present. Is their any way to gift the … read more
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If selling 100% of shares in a UK Ltd company in exchange for
If selling 100% of shares in a UK Ltd company in exchange for payment in money and 25% of a larger company can one claim rollover relief against the 25% that's paid in shares to effectively pay CGT on… read more
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