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Related UK Tax Questions
Please, can you advise me on selling Sole trading business
HelloPlease, can you advise me on selling Sole trading business to Ltd , now I need to know :1) how to do with Fixed asset - what CR and DR transactions will look like (if for example Sole trader sell… read more
bigduckontax
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I am a gher rate tax payer. if i sell a business (limited
I am a higher rate tax payer. if i sell a business (limited company) for 3 million to a non resident buyer. what taxes would i have to pay and what taxes would the non resident pay please.… read more
TaxVince
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Hi there, Our small lettings company A pays corporation
Hi there, Our small lettings company A pays corporation at the normal company rate of 21%, subject to allowances etc. Company A has recently sold House H1 that was used for full time furnished holiday… read more
bigduckontax
bigduckontax
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i am a veterinary surgeon, in a 50% partnership including
i am a veterinary surgeon, in a 50% partnership including freehold in uk I am immigrating to new zealand in december and selling my 50 % of veterinary practice , possibly including buildings or rental… read more
Tony Tax
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The Furnished holiday let which was run as a business was
The 'Furnished holiday let' which was run as a business was in Italy.It was purchased in August 1999 and sold in November 2011.Please let me know: 1.Can we claim enterpeuner relief 2.Will there be tap… read more
Tony Tax
Tony Tax
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I sold a farm and the increase in value over 5 years was £1,000,000.
I sold a farm and the increase in value over 5 years was £1,000,000. when the mortgage was paid off I was left with £280,000. With entrepreneurs relief I have to pay £100,000. Can i re invesst this mo… read more
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If I sell my buy to let property and use the capital to buy
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TaxVince
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I am a UK Tax payer and have made a capital gain from the realisation
I am a UK Tax payer and have made a capital gain from the realisation of stock options of £170k, Can I roll over the gain by investing it in a Uk company which my wife runs after my £10,600 allowance … read more
TaxVince
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My brother has been in business for 2 years, manufacturing
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Tony Tax
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I have in November 2010 sold shares in a private family company
I have in November 2010 sold shares in a private family company resulting in a capital gain of around 100,000 Pounds after claiming entreprenuers relief. If I invest only the gain in an EIS or VCT sch… read more
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I am a recently retired doctor and I owned a quarter share
I am a recently retired doctor and I owned a quarter share of the surgery premises. I bought the share for £9,000 back in 1997. Last month I sold my share to the other partners for £187,500. Can you g… read more
Tony Tax
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re Capital Gain We(my wife& I) have had a freehold retail
re: 'Capital Gain'We(my wife& I) have had a freehold retail property from last 23yrs and still doing clothing retail from that property , now we are selling the property and I understand that in that … 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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I might be facing a VERY large CGT bill from AIM FI oil exploration
I might be facing a VERY large CGT bill from AIM FI oil exploration shares . Is there a legal way to defer CGT by for example creating a limited company and then purchasing a business with reference t… read more
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For CGT purposes what might the sellers charge against the
For CGT purposes what might the sellers charge against the proceeds of the sale of their shares in a company incorporated and managed by them until the sale.… read more
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Dear Tax Professional I hold 60% shares in a private limited
Dear Tax Professional I hold 60% shares in a private limited company which I acquired in June 2006. It is my only business and provides me with my sole source of income. I am registered self-emplyed a… read more
Tony Tax
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I sold my company 6 years ago and paid CGT of aprox 500,000,
I sold my company 6 years ago and paid CGT of aprox £500,000, I have since made an investment of aprox £500,000 which I have lost, can I reclaim any of the CGT that I paid?… read more
Tony Tax
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My wife and I (50 50) own a limited company which we are considering
My wife and I (50:50) own a limited company which we are considering selling. It is worth over £3m which by my calcualtions will result in a CGT bill of £380k (i.e. £2m @ 10% and £1m @ 18%). We intend… read more
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