18 June 2013
An individual who transfers his business to a company avoids an immediate capital gains tax charge on chargeable assets that are transferred to the company, provided that the...
Capital Gains Tax – Main Residence Exemption
18 June 2013
Gains realised on the disposal of the house or flat which an individual occupies as his or her main residence are generally exempt from UK capital gains tax. Nevertheless clients’...
S455 Tax Rules from 20th March 2013
30 May 2013
Funds taken out of the company as a loan (i.e. not salary or dividend) that is not repaid within nine months of the end of accounting period will attract a liability to Section...
Cars - Capital Allowances
21 May 2013
For cars purchased prior to 6 April 2009 (1 April 2009 for companies), expenditure was required to be allocated to a separate pool for each vehicle costing more than £12,000....