Documents related to 'election to transfer assets at written down value'

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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
Letter
Holdover relief claimWhen you give away an asset for no consideration, or knowingly sell it for less than it's worth, you will be charged capital gains tax based on the market value. However, you might be able to make a claim to hold this gain over de... Read more
04 Jan 2019
Credits: 1
doc
Form
Stock transfer formWhere a shareholder wants to sell their shares in the company, or give them away, they will need to complete a "stock transfer form". Statutory formThis is a statutory form that needs to be filled out when a shareholder sells their s... Read more
18 Sep 2018
Credits: 1
doc
Letter
Election to be treated as domiciled in the UKWhere a married couple or civil partners consist of a UK domiciled individual (UK-dom) and a non-UK domiciled (non-dom) individual, there is a restriction on the amount that any transfers between them will... Read more
06 Mar 2017
Credits: 1
doc
Letter
Disincorporation relief claimGiven repeated attacks on the tax benefits of running a business through a company, you might decide to disincorporate. disincorporating - tax chargesIf you decide to transfer your company business and assets to an uninco... Read more
02 Jun 2017
Credits: 1
doc
Contract
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
Credits: 1
doc
Letter
Herd basis electionIf you keep animals for production purposes, you might be able to take advantage of the "herd basis" to simplify calculating your taxable profits.ProductionFarm animals are treated as trading stock. For tax and accounting purposes th... Read more
01 Dec 2017
Credits: 1
doc
Form
Election for share value to ignore restrictionsIf shares are acquired because of an individual's employment, they are liable to an income tax charge on the difference between the market value of the shares and the price paid by an employee, but specia... Read more
12 Apr 2017
Credits: 1
doc
Letter
Election to transfer stock at less than market valueWhen an unincorporated business is transferred to a company, any stock (or works in progress for service businesses) is deemed to be sold to the company at market value (MV). This will usually be hi... Read more
21 Dec 2016
Credits: 1
doc
Letter
Election for entrepreneurs' relief to apply to QCBsWhen you sell a business the purchasing company might offer to pay you with loan notes. This is a loan arrangement but in the form of a security, i.e. like shares. The loan notes pay interest usually ... Read more
04 Nov 2016
Credits: 1