Company Tax Relief For Shares – A ‘Hidden’ Gem!
Share transactions invariably have tax consequences. For example, when an individual subscribes for shares in their employer company for less than market value, it is generally necessary to consider the income tax (and possibly National Insurance contributions) implications of the share acquisition. A pleasant surprise? However, it is sometimes overlooked that the employer company can […]
Company Tax Relief For Shares – A ‘Hidden’ Gem!
Share transactions invariably have tax consequences. For example, when an individual subscribes for shares in their employer company for less than market value, it is generally necessary to consider the income tax (and possibly National Insurance contributions) implications of the share acquisition. A pleasant surprise? However, it is sometimes overlooked that the employer company can […]
Loans To Traders: They Think It’s All Over…
An individual who makes a loan to a company they own will probably expect to obtain tax relief if the loan subsequently has to be written off. Capital gains tax relief on the loan write-off is potentially available if certain conditions are satisfied. One such condition is that the loan has become irrecoverable. This might […]
Share Disposals And Anti-Avoidance – Decisions, Decisions!
When an individual shareholder sells shares in a ‘close’ family or owner-managed trading company, he or she will probably expect the proceeds to be treated as a capital receipt. If the individual is liable to capital gains tax (CGT) on the share sale, in many cases the tax rate will be 20% (for 2018/19), although […]