Capital Gains

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A business has been operated by a sole trader and then by his limited company. Both businesses operated rent free from premises that were owned personally. The legislation does not seem to be entirely clear on this point

A new minimum interest rate on tax repayments of 0.5% is to be introduced

Rights have been disposed of to a connected person for no consideration. Does this transaction and the valuation need to be declared to HMRC?

Can the loss that has accrued on a flat used as a main residence be crystalised so that it can be set against any future gains?

A client has purchased properties, but has received cashback in returned deposits, etc. What are the income tax or capital gains tax implications of such payments?

MIKE THEXTON takes a dive into the capital gains tax treatment of share transactions

Entrepreneurs’ relief for furnished holiday letting properties is to be abolished from April 2010. Will this mean that the business is treated as having ceased such that relief continues to be available if the property is sold within the following three-year period?

Adams (TC48)

CGT simplification seeks opinions

What, if any, are the tax implications of the sale of Wimbledon tennis tickets that the owner is entitled to by virtue of owning a debenture?

Coll and anor (TC28)

A property developer has suggested that the owner of a commercial property should redevelop the plot for housing. A substantial profit is anticipated, but will this result in the loss of entrepreneurs’ relief? Will this be a trading or capital transaction?

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