Publisher's Synopsis
Capital Gains Tax Reliefs for SMEs and Entrepreneurs 2014/15 (formerly Capital Gains Tax, Roll-over, Hold-over and Deferral Reliefs ) examines all the CGT reliefs available to small and medium-sized enterprises, compares the benefits for different types of businesses and explains how to avoid common pitfalls. In light of the growing number of options available for entrepreneurial businesses, there is a special focus on entrepreneurs' relief, EIS and SEIS. Chronological, quick-access content Structured to present the various reliefs in the context of the business lifecycle, this user-friendly guide reflects the changing needs of a business as it matures from sole trader to incorporation and taking on external investors, to sale, succession or disincorporation. The very latest guidance This edition addresses the new CGT reliefs added by Finance Act 2014 and offers comprehensive coverage of: Social investment relief Employee ownership trusts Substantial shareholding exemption Anti-avoidance legislation: GAAR; TAARs; DOTAS Relevant case law: J Rice v HMRC ; S Corbett v HMRC Expert commentary; practical application Capital Gains Tax Reliefs for SMEs and Entrepreneurs outlines the calculation, process and application of the key tools that allow gains to be deferred, held-over or extinguished and details the efficient use of capital losses. The practical assistance includes handy hints, tips, planning suggestions, a wealth of worked examples and references to HMRC Manuals throughout. Who should buy this book? This is an ideal day-to-day resource for tax practitioners, accountants and advisers to owner-managed businesses, entrepreneurs, business-angel investors and venture capitalists. Contents: 1: Life of a business - how each relief fits into the business lifecycle; 2: Business asset roll-over relief: conditions; 3: Roll-over relief calculation; 4: Roll-over relief: shareholders, partners and overseas issues; 5: Entrepreneurs' relief; 6: Incorporation relief; 7: Seed Enterprise Investment Scheme (SEIS); 8: EIS: deferral and disposal reliefs; 9: EIS: deferral relief claw-back; 10: Social investment relief; 11: Groups of companies; 12: Corporate intangible assets roll-over; 13: Substantial shareholding exemption (SSE); 14: Reliefs on exchange of shares; 15: Share loss relief and negligible value; 16: Business asset hold-over relief: conditions; 17: Hold-over relief: calculation; 18: Hold-over relief: exceptions and claw-back; 19: Businesses and trusts - s.260 and hold-over block for settlor interested trusts; 20: Compulsory acquisition of land; 21: Compensation and insurance receipts; 22: Transfer of shares to SIP or EBT; 23: Transfer of control to Employee ownership trust; 24: Disincorporation relief; 25: Planning with CGT - risks, GAAR, TAARs and DOTAS. Previous print edition ISBN: 9781780431758
