Documents related to 'election for entrepreneurs' relief to apply to QCBs'

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doc
Letter
CGT rollover relief claim When you've sold an asset that was used in your business, and this results in a capital gain, it's possible to defer or even avoid tax on this by claiming rollover relief. Selling a business assetCapital gains tax (CGT) applie... Read more
29 Jul 2009
doc
Letter
Intangible asset rollover relief claimIf your company sells a chargeable intangible fixed asset, it can give rise to a gain which is subject to corporation tax. The gain cannot be deferred by purchasing tangible assets. However, if further intangible... Read more
09 Nov 2017
Credits: 1
doc
Letter
 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 effect... Read more
08 Jan 2015
Credits: 1
doc
Key Data
SEIS reinvestment relief claimIf you make a qualifying gain by investing in certain companies, you could enjoy a capital gains tax exemption.GainsCapital gains tax is payable when chargeable assets are sold, or otherwise disposed of, for proceeds or ... Read more
11 Dec 2018
Credits: 1
doc
Letter
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
doc
Letter
Unincorporated business trading loss relief claimIf you've made a loss in your sole trade or partnership, you can claim relief for it against tax payable on your other income for that year or the year before. If any loss remains you can claim relief a... Read more
01 Sep 2010
doc
Letter
Exchange of joint interest relief claimIf you swap a joint interest in land or buildings to rationalise your ownership for no proceeds, you may be able to defer a capital gains tax charge.ReliefWithout any form of relief on any reallocation of intere... Read more
11 Dec 2018
Credits: 1
doc
Letter
Option for special method of cost apportionmentIf you sell a piece of land which is part of a larger estate, a little known concession could save you some tax.General ruleThe general rule for any part disposal of an asset is that the amount of the or... Read more
29 Sep 2017
Credits: 1
doc
Letter
Election to disapply incorporation reliefWhere you transfer your sole trader or partnership business to a company, this process is often referred to as incorporating your business and it counts for capital gains tax purposes as if you had sold it.Whe... Read more
16 Nov 2016
Credits: 1
doc
Letter
Claim for a capital loss for an irrecoverable loan to a traderIf you made a loan to a business which it cannot repay, the amount remaining outstanding may be treated as a capital loss. HMRC requires conditions to be met before it will accept the loss... Read more
24 Sep 2009