DMWSHNZ v CRC, Upper Tribunal (Tax and Chancery Division)
A woman wishes to buy a property in Florida. She and her husband are 50:50 shareholders of a limited company through which she carries on her trading business. The company is cash rich, so the client is considering a joint purchase of the property
The shares of a trading company are owned by three individuals. One of them wishes to leave. The suggestion is that a new company is formed that will purchase the trade of the existing one and then equalise the remaining shareholdings
When to set off trading losses sideways or backwards, and when to carry forward
Each Taxation writer provides a tetrad of analyses of the chancellor’s announcements
A cafe owner wishes to sell his business, which is operated by his limited company. As director, he is still owed £18,000 from monies previously loaned to the company
Holding shares in a trading company by way of a partnership is not a bar to business property relief
How to fund research and development without losing tax relief
By Alan Pink; £20; hardback; 255 pages; Head of Zeus
HMRC have fixed a problem with their business tax dashboard that caused employment records to merge on the department’s systems.
The error hit some firms that employed a work to do more than one job within the same PAYE scheme, and resulted in erroneous consolidation of the separate employments.
Affected accounts were incorrect on the business tax dashboard – but the Revenue has updated the employer records, which will be displayed as follows:
By Sarah Laing; £98; paperback; 338 pages; Bloomsbury Professional
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