Capital gains

View Tax by content type:

Latest Tax News

Featured Tax content

Practice notes
VAT on composite suppliesSingle composite supplies vs multiple suppliesWhere a supply comprises a number of different elements with varying VAT...
Read More >
Produced in partnership with Martin Shah and Gary Barnett of Simmons & Simmons LLP 19th May
Practice notes
Commercial service charges—VAT implicationsThis Practice Note is about the VAT treatment of non-residential service charges. General positionService...
Read More >
Produced in partnership with Martin Scammell 19th May
Practice notes
Offshore receipts in respect of intangible property (ORIP)Since 6 April 2019, a person that is neither UK tax resident nor resident in a full treaty...
Read More >
19th May
Practice notes
FATCA in the UK—the UK:US Intergovernmental Agreement: an outlineIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit...
Read More >
Produced in partnership with Ali Kazimi and Chris Orchard of Hansuke Consulting Limited 19th May
Practice notes
Tax considerations on a loan agreement—the tax gross up clauseIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit...
Read More >
Produced in partnership with Eloise Walker of Pinsent Masons 19th May
Precedents
1 Withholding and grossing up 1.1 All sums payable under this [Agreement] by or on behalf of any party (for the...
Read More >
19th May
Practice notes
Taxation of UK LLPsA UK limited liability partnership (LLP) is a body corporate for company law purposes, but is generally taxed as though it were a...
Read More >
19th May
Practice notes
Section 198 and 199 elections on transactions involving real estateThis Practice Note describes the law and practice relating to elections under...
Read More >
Produced in partnership with Martin Wilson 19th May
Practice notes
Loan capital exemption from stamp dutyDebt which:•qualifies as loan capital (whether it is short or long-term debt), and•satisfies further conditions...
Read More >
19th May
Practice notes
The Budget and Finance Bill processThe Budget is a Parliamentary event at which the Chancellor of the Exchequer makes important announcements relating...
Read More >
19th May
Practice notes
Capital reduction demergersThe reasons why a company might carry out a demerger, and the different ways in which a demerger may be structured, are...
Read More >
Produced in partnership with Zoe Feller of Bird & Bird 19th May
Q&As
Corporate redomiciliation—can a non-UK company redomicile into the UK?It is possible for a non-UK incorporated company to redomicile to the UK....
Read More >
19th May
Practice notes
Why have a tax covenant?It is market practice for a tax covenant, also known as a tax deed, to form part of the transaction documents in respect of a...
Read More >
19th May
Practice notes
R&D capital allowancesFORTHCOMING CHANGE: At Spring Budget 2021, the government announced a wide-ranging review of research and development (R&D)...
Read More >
Produced in partnership with Anne Fairpo of Temple Tax Chambers 19th May
Practice notes
Transfer of a trade under common ownershipSometimes the restructuring of a business will involve a company transferring an existing trade to a...
Read More >
19th May
Practice notes
SDLT group reliefFORTHCOMING CHANGE relating to FA 2008, Sch 36: In its Tax Information and Impact Note (TIIN) on freeports, the government announced...
Read More >
19th May

Most recent Capital gains content

Practice notes
Tax treatment of conversions of securitiesThe conversion of a company's securities should be treated as a tax neutral reorganisation. The conversion...
Read More >
1st Sep
Precedents
Election letter—reallocation of gain or loss to another member of a group—TCGA 1992, s 171AHM Revenue and Customs[insert address][insert date]Election...
Read More >
19th Aug
Q&As
If a property, subject to a mortgage, is to be transferred, is the consideration for the purposes of capital gains tax and stamp duty land tax the...
Read More >
16th Aug
Q&As
What are the CGT and SDLT implications of a bare trustee (mother) transferring the entire trust property comprising a number of residential properties...
Read More >
16th Aug
Practice notes
Non-resident CGT—summary [Archived]ARCHIVED: This Practice Note gives an overview of the non-resident capital gains tax (NRCGT) charge that applied...
Read More >
Produced in partnership with Alison Cartin of Taylor Wessing LLP 16th Aug
Practice notes
Non-residents and tax on chargeable gains from 6 April 2019—gains and UK immovable propertyBackgroundOn 6 July 2018, the government published draft...
Read More >
16th Aug
Practice notes
Capital allowances—interaction with CGT, VAT and stamp taxesThis Practice Note sets out how the capital allowances rules interact with the rules...
Read More >
Produced in partnership with Martin Wilson 16th Aug
Practice notes
Capital gains tax charge on ATED-related gains [Archived]ARCHIVED: This Practice Note has been archived and is not maintained.The annual tax on...
Read More >
16th Aug
Q&As
How is the contribution of land by an individual to a joint venture company to be documented?This Q&A assumes that the joint venture will take the...
Read More >
16th Aug
Q&As
A company pays its shareholders a dividend in specie of loan notes that were previously issued to the company. Is there a disposal of the loan notes...
Read More >
16th Aug
Q&As
Is there a disposal which creates a chargeable gain when a simple debt (ie not a security) is converted into a qualifying corporate bond by the issue...
Read More >
16th Aug
Q&As
If you have a signed contract, and make a variation of it, is this a deemed disposal for CGT purposes?The general rule is that where an asset is...
Read More >
16th Aug
Q&As
Can a bonus issue of shares in which only one class of shares held by one shareholder benefits, fall within the reorganisation rules in section 126 of...
Read More >
Produced in partnership with Mary Ashley of Old Square Tax Chambers 16th Aug
Q&As
Can a negligible value claim under section 24(4) of the Taxation of Chargeable Gains Act 1992 be made in respect of an irrecoverable loan from a...
Read More >
16th Aug
Q&As
If both sections 29(2) and 30 of the Taxation of Chargeable Gains Act 1992 potentially apply to a transaction, does one take precedence over the...
Read More >
16th Aug
Q&As
Does the existence of subscriber shares prevent capital gains reconstruction relief from being available on a demerger?Most demergers (liquidation...
Read More >
16th Aug
Q&As
Where a director of a company appoints another person to act as an alternate director, does that prevent the director claiming ‘entrepreneurs’ relief’...
Read More >
16th Aug
Q&As
In a liquidation demerger involving a hive-up of assets to a ‘Liquidation Holdco’, does a capital gains degrouping charge arise?The capital gains...
Read More >
16th Aug
Q&As
Is a shareholder prevented from future involvement in a trade where entrepreneurs’ relief has been claimed on a distribution of assets as a part of a...
Read More >
16th Aug

Popular documents