Owner-Managed Businesses Guidance

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Owner-Managed Businesses

This section tackles the myriad of tax issues faced by entrepreneurs and their businesses. It provides in-depth practical material to help you deal with compliance effectively and efficiently, whilst identifying areas of potential risk and ensuring all available relief are claimed.
Featured Articles
Latest Guidance
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8 Aug 2019

The corporate intangibles tax rules contain a wide rollover relief for dealing with gains on realisations of intangible fixed assets (IFAs). The rules broadly follow the...

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8 Aug 2019

Non-trade intangiblesDebits arising in the accounts of the company in relation to intangible assets are, as a basic rule, treated as being allowable debits in the period...

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8 Aug 2019

There have been several changes to the deductibility of debits in relation to goodwill and other customer-related assets since the corporate intangible regime was...

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8 Aug 2019

Tax treatment of intangiblesThe basic rule is that the tax treatment of qualifying intangible fixed assets acquired or created on or after 1 April 2002 broadly follows...

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8 Aug 2019

This guidance note considers the definitions of an ‘intangible fixed asset’ (IFA) for the purpose of the corporate intangibles regime.Definition of an IFAIFAs are assets...

OMB_tax_img2
8 Aug 2019

For companies, the taxation of intangible fixed assets acquired or created after 1 April 2002 is governed by CTA 2009, ss 711–906. The corporate tax treatment essentially...

OMB_tax_img3
8 Aug 2019

What is structures and buildings allowance?From 29 October 2018, expenditure on constructing a commercial building or structure, or in certain cases, expenditure on...

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28 Jun 2019

The accurate valuation of the company’s assets and shareholdings may be required for commercial reasons, for example as a measure to evaluate the price offered for the...

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28 Jun 2019

For unquoted trading companies only, the amount received by a shareholder on selling his shares back to the company may be treated as capital, rather than as a...

OMB_tax_img3
28 Jun 2019

IntroductionUnder the penalty legislation introduced by FA 2008, Sch 41, where a failure to notify has occurred, the taxpayer is exposed to a penalty.The rate of the...

Latest Guidance
OMB_tax_img9
Owner Managed Business

The corporate intangibles tax rules contain a wide rollover relief for dealing with gains on realisations of intangible fixed assets (IFAs). The rules broadly follow the...

OMB_tax_img2
Owner Managed Business

Non-trade intangiblesDebits arising in the accounts of the company in relation to intangible assets are, as a basic rule, treated as being allowable debits in the period...

OMB_tax_img2
Owner Managed Business

There have been several changes to the deductibility of debits in relation to goodwill and other customer-related assets since the corporate intangible regime was...

OMB_tax_img4
Owner Managed Business

Tax treatment of intangiblesThe basic rule is that the tax treatment of qualifying intangible fixed assets acquired or created on or after 1 April 2002 broadly follows...

OMB_tax_img3
Owner Managed Business

This guidance note considers the definitions of an ‘intangible fixed asset’ (IFA) for the purpose of the corporate intangibles regime.Definition of an IFAIFAs are assets...

OMB_tax_img2
Owner Managed Business

For companies, the taxation of intangible fixed assets acquired or created after 1 April 2002 is governed by CTA 2009, ss 711–906. The corporate tax treatment essentially...

OMB_tax_img3
Owner Managed Business

What is structures and buildings allowance?From 29 October 2018, expenditure on constructing a commercial building or structure, or in certain cases, expenditure on...

OMB_tax_img2
Owner Managed Business

The accurate valuation of the company’s assets and shareholdings may be required for commercial reasons, for example as a measure to evaluate the price offered for the...

OMB_tax_img7
Owner Managed Business

For unquoted trading companies only, the amount received by a shareholder on selling his shares back to the company may be treated as capital, rather than as a...

OMB_tax_img3
Owner Managed Business

IntroductionUnder the penalty legislation introduced by FA 2008, Sch 41, where a failure to notify has occurred, the taxpayer is exposed to a penalty.The rate of the...