Capital Gains

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A brother and sister own a tack shop standing on a green belt property, but the business is carried on by the sister and her daughter. The brother wishes to gift his share of the property to his sister, but there is concern as to the capital gains tax consequences of ‘hope’ value

Deborah Evelyn (TC997)

A partnership owns shares in a trading company, but only two of the ten partners are directors. Will entrepreneurs’ relief be lost?

A sole trader carries on his business from a property that is owned jointly by himself and his wife. The wife’s share of any gain on sale will not qualify for entrepreneurs’ relief

A mother left her 95% share of her private residence to her daughter, her daughter’s husband and their children. The will was subsequently varied and the property was placed in trust before being sold

Doubt has been cast on whether the expenses of a ‘hobby car’ for a company director would be eligible for corporation tax relief, even though a benefit charge would apply.

Advice is sought on how a dividend from a foreign company is to be treated in the hands of a UK corporate shareholder

PHILIP FISHER highlights both a challenge and an opportunity for employers of expatriate employees

A husband and wife own a property jointly, but a second property has recently been purchased solely in the husband’s name. The husband and wife will both live for part of the week in one property and part in the other

De-grouping charge; value shifting rules; losses following change of ownership

A husband and wife live in different properties, although they have not formally separated and they do holiday together

A family own shares in a property development company and are also the partners in a property investment partnership

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