Continuing demand for new housing nationally means property developers will remain on the lookout for appropriate land to buy for the foreseeable future. Many landowners are non-corporates such as farmers selling off surplus fields or householders selling off...
As we come out of the coronavirus pandemic, the various support packages which were available to individuals and businesses during this difficult time are fast becoming a thing of the past. It can therefore be easy to forget that there remains a more general support...
This week, in the last of our three-part series on the valuable tax reliefs available from EIS investments, we look at the capital gains tax (CGT) exemption. Conditions for the exemption to apply In order to get the CGT exemption, the taxpayer must have been eligible...
In our last Tax Tuesday, we considered EIS reinvestment relief (linked here) whereby an investment in shares in a qualifying EIS company can be used to defer a capital gain so it only ultimately comes into charge on the sale of the EIS shares themselves. This week we...
This week we look at a valuable capital gains tax (CGT) relief which enables a gain on the sale of any asset to be deferred by reinvesting the gain into qualifying Enterprise Investment Scheme (EIS) shares. Assuming various conditions are met, the deferred gain only...
We have written in previous Tax Tuesday pieces about the value of the various tax reliefs which are available to entrepreneurs here in the UK. However, the complexity of the tax legislation means it is all too easy to inadvertently miss out on these reliefs if...
