Owner-Managed Businesses Guidance
For unquoted trading companies only, the amount received by a shareholder on selling his shares back to the company may be treated...
This guidance note discusses the application of entrepreneurs’ relief for sole traders only. See also the Conditions for...
The consideration for disposal for a business will often be simply in the form of cash. However, in many cases there may also be...
IntroductionThe employment-related securities (ERS) legislation is set out in ITEPA 2003, Part 7. HMRC guidance is available on the HMRC website ...
Summary of capital allowances on carsThe current capital allowance rates applicable to cars are as follows:Pool typeDescription of...
Whether or not a property qualifies as a furnished holiday let (FHL) can make an important difference to the taxation implications. In particular, the...
Basis of contributionsDoctors and dentists may be both self-employed and / or salaried employees of the NHS.GPs provide services under a contract with...
Interest paymentsCompanies are usually taxed on interest in accordance with the loan relationship rules. These are covered in more detail in the...
Companies pay corporation tax on their Taxable Total Profits (TTP) for a Chargeable accounting period (CAP).For more on whether the entity is within...
These examples support the commentary in the FRS 102 ― specific deferred tax issues guidance note.Example 1 ― voluntary revaluation of property,...
What is structures and buildings allowance (SBA)?From 29 October 2018, expenditure on constructing a non-residential building or structure, or in...
Entrepreneurs’ relief is capital gains tax (CGT) relief that allows business owners with chargeable gains on qualifying business assets to pay...
Energy-saving plant or machineryA first year plant and machinery allowance is available at a rate of 100% for expenditure on qualifying...
IntroductionThe employment-related securities (ERS) legislation is set out in ITEPA 2003, Part 7. HMRC guidance is available on the HMRC website and in HMRC’s...
Summary of capital allowances on carsThe current capital allowance rates applicable to cars are as follows:Pool typeDescription of carRateLegislationMain rate poolNew and...
Whether or not a property qualifies as a furnished holiday let (FHL) can make an important difference to the taxation implications. In particular, the commercial letting...
Basis of contributionsDoctors and dentists may be both self-employed and / or salaried employees of the NHS.GPs provide services under a contract with the PCT for General...
Interest paymentsCompanies are usually taxed on interest in accordance with the loan relationship rules. These are covered in more detail in the Corporate debt ― overview...
Companies pay corporation tax on their Taxable Total Profits (TTP) for a Chargeable accounting period (CAP).For more on whether the entity is within the charge to...
These examples support the commentary in the FRS 102 ― specific deferred tax issues guidance note.Example 1 ― voluntary revaluation of property, plant and equipmentA...
What is structures and buildings allowance (SBA)?From 29 October 2018, expenditure on constructing a non-residential building or structure, or in certain cases,...
Entrepreneurs’ relief is capital gains tax (CGT) relief that allows business owners with chargeable gains on qualifying business assets to pay CGT at a rate of 10%....
Energy-saving plant or machineryA first year plant and machinery allowance is available at a rate of 100% for expenditure on qualifying ‘energy-saving plant or...
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