Capital Gains

A UK taxpayer owns US Treasury bills issued at a discount and redeemed at their full value in less than a year. No interest is paid

To mitigate income tax liability, a client transferred commercial property into the joint names of himself and his wife. However, only his share is eligible to capital gains tax entrepreneurs’ relief

Ali Al-Jibouri (TC3151)

Tax planning for loving couples

An exploratory dip in share pooling for capital gains tax

R Dyer and J Dyer (TC3073)

The terms of HMRC’s concession covering capital gains tax (CGT) on damages have been reduced to make only the first £500,000 of compensation exempt.

The shareholder directors of a financial services company wish to sell it in such a way that their sale proceeds will qualify for capital gains tax entrepreneurs’ relief without passing on the contingent liability of future claims

A US national is the beneficiary of a portfolio of US-based investments and trusts. She is resident in the UK and, for some years, has received US rental income from a property that is now being sold at a substantial capital gain

Minimising inheritance tax on family assets

S Sehgal (TC3055)

The shareholder of a private company wishes to effect a reorganisation of the shares in a company owned by himself and his wife before transferring shares to his sons. The sons will then sell shares to trusts in favour of their children