This guide explains the rules of capital gains tax which are particularly relevant to businesses and their owners. It explores the effect of capital gains tax on partnerships, corporations and unincorporated businesses. Aimed at practitioners encountering multiple tax planning problems in their daily work, the authors have paid particular attention to tax minimization. At the end of each chapter they have collected together tax planning and saving points. There is also a special pull-out chart comparing business relief on capital gains tax with that on inheritance tax. Capital gains tax always generates a lot of activity in the tax avoidance field and the legislature tends to act quickly to counter it. This 3rd edition covers the changes made by the Income and Corporation Taxes Act 1988, the Finance Acts 1987-1992 and the Taxation of Chargeable Gains Act 1992. Due to these changes, the authors have included three new chapters covering the offset of losses against gains and gains against losses, business gift roll-over relief, and the sale of a company.
Other areas covered include shares and securities, partners, replacement roll-over, business gift roll-over and roll-over reliefs generally, incorporation of a business, sale of a business, groups of companies and the foreign element.
Auflage
Sprache
Verlagsort
Verlagsgruppe
Zielgruppe
Editions-Typ
Maße
Höhe: 216 mm
Breite: 138 mm
ISBN-13
978-0-421-45140-7 (9780421451407)
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Schweitzer Klassifikation
Losses against gains and gains against losses; shares and securities; partnerships; special types of asset; retirement relief; roll-over reliefs generally; replacement roll-over; business gift roll-over; groups of companies; the incorporation of business; the sale of a company; the sale of a business; the foreign element.
