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Search results: 5 article(s) found in topic: Capital gains tax - keyword: Losses

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CAPITAL LOSSES

Losses on Carillion shares?

CGT RELIEF

Tax relief for payments made as a guarantor

You are probably familiar with claiming relief for losses on share investments, but some clients may have acted as a guarantor for finance instead, as an alternative way of supporting a business. Is there any relief for payments made under the agreement? More...

TRADING STOCK

Restriction of elections on transferring stock or fixed assets

Your business client owns a capital asset worth less than its original cost, and the business has appropriated it to trading stock. They were told that the capital loss arising could be converted into a more flexible trading loss. What advice would you give? More...

EARN-OUT LOSSES

How to utilise a shortfall effectively

When a client sells their business, they might be partly paid by way of a performance related earn-out which has to be valued and taxed upfront. However, the amount eventually received might be less than the amount taxed. What can you do? More...

LOSS RELIEF

Claiming relief when a loan becomes irrecoverable

When your clients invest in shares in a trading company which become worthless, they can usually claim share loss relief against income. What happens if instead of buying shares they lent the money instead? More...
Last updated: 01.06.2020

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