Capital Gains Tax Reliefs for SMEs and Entrepreneurs 2017/18

Author: Rebecca Cave; Chris Williams
Publisher: Bloomsbury Professional (formerly Tottel Publishing)
ISBN: 9781526502797

Previous Edition ISBN: 9781784513047
Published In: November 2017
Format: Paperback
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

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Description
Contents

Details

The specialist technical information guides you through the reliefs available for your clients' capital transactions, compares and contrasts how different types of businesses can benefit and gives guidance on how to avoid the pitfalls put in place to prevent the abuse of those reliefs. It outlines the calculation, process and application of the key tools that allow gains to be deferred, held-over or extinguished, as well as addressing the use of capital losses which may arise. The emphasis is on entrepreneurs' relief, EIS, SEIS and social investment relief.

It is structured to reflect the changing needs of a business and its owners throughout the business lifecycle; from sole-trader to incorporation, expansion to a group, withdrawal of the founders, passing-on the business and disincorporation.

Brought up to date in line with Finance Act 2017.

1: Life of a business – how each relief fits into the business lifecycle
2: Business asset roll-over relief: conditions
3: Roll-over relief calculation
4: Roll-over relief: shareholders, partners and overseas issues
5: Entrepreneurs' relief
6: Incorporation relief
7: Seed Enterprise Investment Scheme (SEIS)
8: EIS: deferral and disposal reliefs
9: EIS: deferral relief claw-back
10: Social investment relief
11: Groups of companies
12: Corporate intangible assets roll-over
13: Substantial shareholding exemption (SSE)
14: Reliefs on exchange of shares
15: Share loss relief and negligible value
16: Business asset hold-over relief: conditions
17: Hold-over relief: calculation
18: Hold-over relief: exceptions and claw-back
19: Businesses and trusts – s.260 and hold-over block for settlor interested trusts
20: Compulsory acquisition of land
21: Compensation and insurance receipts
22: Transfer of shares to SIP or EBT
23: Transfer of control to Employee ownership trust
24: Disincorporation relief
25: Planning with CGT – risks, GAAR, TAARs and DOTAS.