Tax and Business
Models (673)
Election to transfer gain or loss to another group company Where a company makes a capital gain or loss in respect of an asset, it may jointly elect with another company within the same group to transfer the gain or loss to that company. The purpos... Read more
08 Jan 2015
Nominating a main residence election If you own two or more properties which you use as homes, say your main house and a holiday home, you can choose which qualifies as your main residence for capital gains tax private residence relief.More than oneT... Read more
24 Dec 2014
Compromise agreementWhen trying to resolve a dispute, there's often a need to bepragmatic and agree a compromise solution. Use our agreementto achieve a binding settlement.AdviceUnder English law, where a debt is owed, payment of a lesser amount... Read more
31 Oct 2014
Capital allowances election for fixtures in buildingsWhen a commercial building is sold the seller and the purchaser can agree to apportion part of the price to fixtures which qualify for capital allowances, i.e. plant, machinery and integral feature... Read more
23 Jun 2014
In-year pension contribution - claim for tax reliefIf you pay higher or additional rate tax through PAYE you can obtain further tax relief for personal pension contributions without having to wait until you complete your self-assessment tax return by... Read more
12 Jun 2014
Enforcing the judgment OK, you've now got your judgment. But enforcing it is often the tricky bit and how successful you are will determine whether you get paid or not. Use this checklist to run through the various options. ... Read more
08 Apr 2014
Pre-enforcement agents letterYou've managed to get judgment and believe that the defendant has sufficient assets to be able to clear the debt. Use our letter to send to the defendant to request them to settle up before you send in the enforcement ... Read more
08 Apr 2014
Interest payable on loan account minuteWhere a director's loan account is in credit, the board can agree to pay interest on the balance. This should be recorded in a board minute.When to use this board minuteIt's advisable to set out the terms and cond... Read more
21 Mar 2014
Resolution of general meeting to approve a loan to a directorCompanies can make loans to their directors, provided a memorandum setting out the terms and purpose of the loan has been approved by the company's shareholders.Loan approvalTo obtain the sh... Read more
21 Mar 2014
Director's or employee's loan account recordA taxable benefit in kind may arise where an employee or director borrows or uses their company's money. You must keep a record of money owed by the employee or director to enable you to calculate the taxable ... Read more
21 Mar 2014
