Article Database

Search results: 29 article(s) found in topic: Tax and VAT - keyword: Capital gains tax

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TAX

Closing a company - can you take tax-free profits?

You and your fellow shareholders want to shut down your company as it’s no longer trading. It has cash and other assets worth around £50,000. A colleague says £25,000 of this can be paid out tax free. Is this correct? More...

CAPITAL GAINS TAX

Chancellor gets tough on entrepreneurs’ relief

Entrepreneurs’ relief (ER) was hit with two blows from the Chancellor in the Budget. If you’re considering selling your business or shares in an ER qualifying company, how might the proposed changes affect you? More...

TAX

Company shares - get your money back tax free

When you started your company you used your own cash to fund it. Several years later the company has built up its own funds. Can you now take back some of your original stake without paying tax on it? More...

TAX - SELLING A BUSINESS

Selling off your company’s assets

You were unable to find a buyer for your business which left you sitting on some stock, equipment and the premises (which you personally own). You’re gradually selling items, but what tax will you have to pay on the proceeds? More...

TAX - CAPITAL GAINS

Avoiding HMRC’s anti-avoidance trap for entrepreneurs

You plan to wind up your current business and use the money to start a new one. Your accountant warns that tax anti-avoidance rules might block the tax break on the old business. How can you prevent this? More...

TAX - LOSSES

Maximise tax refunds for share losses

If you lose money on an unsuccessful venture the tax system offers some help in the shape of “loss relief”. Usually this is worth between 10% and 45% of your investment. What steps can you take to maximise tax relief? More...

TAX - SELLING A BUSINESS

Avoiding the buy-now-pay-later tax trap

You’ve agreed to sell your business to your employees. You and they are keen to keep the arrangements simple, the trouble is they can’t afford to pay all at once. If you agree to instalments will this cause any tax problems? More...

TAX

Attack on company owners halted

HMRC has recently changed its stance on business owners who use their companies to shelter profits. This seems like good news, but what’s the full story? More...

SELLING A BUSINESS

How much should an investor pay for shares?

You set up a business several years ago and it’s been successful. You’re looking to bring in a new investor by offering shares in your company. Should you sell some of your shares or get your company to issue new ones? More...

TAX - WORKING FROM HOME

Using your home for business and capital gains tax

You’ve converted a room in your house into a study so that you can work at home more often. A colleague tells you that this can mean that you’ll lose some of the capital gains tax relief that usually applies to homes. Is he right? More...
Last updated: 22.03.2019

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