Business

A limited company has installed solar panels on the roof of the factory from which it trades. The factory is owned by the company directors and is let rent free to the company

Appeal Commissioners v Bank of Nova Scotia, Privy Council

A Mateides and H Mateides (TC2750)

The shareholders of a small limited company are a husband and wife. The company owns a property and the tenants would like to purchase the freehold interest

Ardagh Group DA v Pillar Property Group Ltd, Court of Appeal

The UK government has received notification from the European Commission (EC) that it is to open a formal investigation relating to exemptions and reliefs within the aggregates levy.

The commission made it clear that some exemptions and reliefs do not contain state aid and the aggregates levy in itself does not constitute an unlawful state aid. The investigation has arisen as a result of a submission in 2002 from the British Aggregates Association (BAA) to the EC, arguing that the levy contained state aid.

A sole trader has recently purchased a car that will be eligible for 100% first-year allowances. This will be restricted by his 10% private use, but the private use element is likely to increase in future years as the client nears retirement

Claygold Property Ltd (TC2717)

A UK-domiciled and resident taxpayer has invested in bitcoins, the new online currency. A substantial gain was made on the sale of the bitcoin holdings, but how should this be treated for tax purposes?

Mixed partnerships of individuals and companies may not be so popular in future

A trading company is owned 50:50 by a father and his son. Some years ago, the father loaned £200,000 to the company, but it cannot afford to repay this. The father would accept £30,000 in full settlement of the loan and for the balance to be written off, but will the loan relationship rules apply?

Blenheims Estate and Asset Management Ltd (TC2696)