Capital Gains

A director of a one-man IT company has been trading for many years, but the current single contract is to end soon. The company has large cash reserves and the director is considering the purchase of a yacht. He is thinking about winding up the company and buying it personally, but is concerned about entrepreneurs’ relief

KEVIN SLEVIN wonders whether HMRC’s views of trading activities relating to the substantial shareholdings exemption will also apply to entrepreneurs’ relief

J Halnan and M Squire (TC1423)

Land Securities plc (TC1442)

KEVIN READ looks at how companies should prepare for the forthcoming reduction in the annual investment allowance

A J Clarke (TC1461)

MICHAEL BLAKE provides tips for cultivating ER for farmers

KEVIN SLEVIN wonders whether the ability to manufacture a lower rate with entrepreneurs’ relief may be about to end

On his death, a client left the matrimonial home to his widow. However, his widow was already living in a nursing home so it was not her only or main residence after acquisition

ANDY WELLS considers capital allowances and embedded fixtures in light of a recent tribunal decision

KEITH PARKHOUSE explains the advantages of an election to receive foreign scrip dividends

Mr & Mrs Tapsell and Mr Lester as partnership The Granleys (TC1231)