Documents related to 'Claim to pay capital gains tax in instalments'
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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
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
Claim for small part disposal of landIf you sell any part of a plot of land you must work out if you made a capital gain or loss on the transaction. However, if conditions are met, you can make a claim under s.242 Taxation of Chargeable Gains Act 199... Read more
06 Mar 2017
Claim for small part disposal relief - compulsory purchaseIf you are forced to sell your land to a local authority under a compulsory purchase order, you could benefit from an expanded form of small part disposal relief.Part disposals - generallyWhen... Read more
19 Jun 2018
CGT negligible value claimIf you own an asset that has become of negligible value, i.e. worthless, you can make a negligible value claim which entitles you to treat the asset as if it were sold for nothing. The effect of this is to create a capital l... Read more
13 Nov 2009
Claim for relief for damaged assetCapital gains tax may be payable if you receive compensation for damage caused to one of your assets. However, if you use the amount received to repair or restore the asset, you can defer the tax.DamageWhen an asset ... Read more
10 Nov 2017
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
CGT EIS deferral relief claim Investing in enterprise investment scheme (EIS) shares gives you an opportunity to defer capital gains tax (CGT) that would otherwise be payable.Claiming reliefEIS deferral relief, sometimes referred to as EIS rein... Read more
22 May 2013
Claim for payment under guaranteeOne way of helping a growing business is to act as guarantor to its loan finance. If you are called upon to make good some or all of the loan under the terms of the guarantee, you may be entitled to claim a capital ga... Read more
04 May 2017
