Documents related to 'Election for share value to ignore restrictions'
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Alternative interest calculation method letterWhere an employer provides a cheap rate or interest-free loan there's more than one way to work out the taxable benefit - the normal averaging method or the alternative precise method. The normal method a... Read more
01 Sep 2010
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
Tax deduction from benefits in kind claimWhere an employee is taxable on a benefit in kind resulting from the use of an asset owned by their employer and they partly use the asset for business purposes, the employee is entitled to claim a deduction f... Read more
15 Apr 2020
Election to aggregate employer loansNormally, where a company has made a number of loans to a director the taxable benefit for each must be calculated separately. However, an election can be made to aggregate them.cheap rate or zero interest loans Wh... Read more
11 Jun 2018
Trading allowance election to disapply reliefThe trading allowance is a fixed tax deduction given automatically against miscellaneous or trading income if it does not exceed £1,000 in total in a tax year. There can be circumstances where it is... Read more
16 Nov 2022
IR35 - prevention of double taxation claimAn individual can claim a deduction from their taxable income where it includes a deemed payment of salary under the IR35 rules and the same income, or part of it, is in the same or a later year, taxable as d... Read more
19 Jan 2018
Property allowance election to disapply reliefThe property allowance is a fixed tax deduction given automatically against income from property if it does not exceed £1,000 in total in a tax year. There can be circumstances where it is more tax ... Read more
16 Nov 2022
Deduction for deemed employment paymentsA company can claim a deduction from its taxable profits in respect of the notional cost of a deemed payment of salary made for the purposes of IR35. The deduction is allowable for the accounting period in whic... Read more
24 Mar 2017
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
Election to disapply incorporation reliefWhere you transfer your sole trader or partnership business to a company in which you own shares, often referred to as incorporating your business, it counts for capital gains tax purposes as if you had sold i... Read more
16 Nov 2016
