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...
The UK prides itself on being an entrepreneurial and business-friendly nation. The tax legislation reflects this by providing for various valuable tax reliefs which encourage this entrepreneurial spirit. One such relief is the ‘substantial shareholding exemption’...
In recent years, various tax changes have been introduced which target residential property owners, particularly those with second homes and/or personally owned property rental businesses. The various measures introduced have served to increase tax rates applicable to...
