Purchase of own shares clearance letterWhere a shareholder of an unquoted company sells their shares back to the issuing company the proceeds in excess of the cost of the shares usually taxed as income. However, if conditions are met the transaction ... Read more

Company shares or securities reorganisation clearance letterWhere a company acquires 25% or more of the shares in another, or reorganises its share capital, it can ask for confirmation (clearance under s.138 Taxation of Chargeable Gains Act 1992) tha... Read more

EIS relief claimWhen you make a qualifying enterprise investment scheme (EIS) investment, you have the right to income tax relief for the year or the year prior to that in which you made the investment. EIS relief - generallyWhen you make an investme... Read more

Election for land remediation reliefLand remediation relief gives an enhanced deduction for qualifying revenue expenditure spent on bringing land back into use in some circumstances. Use our template letter to treat capital costs as qualifying.Relief... Read more

Unincorporated business trading loss relief claimIf your sole trader or partnership business made a loss you can claim relief for it against the tax payable on your other income for that year or the year before. If only part of the loss can be reliev... Read more

Share loss relief claimUsually, capital losses can only be used to reduce capital gains but in some circumstances they can be used to reduce tax on income.Share lossesLosses incurred on certain qualifying company shares are eligible for special treat... Read more