Capital Gains Tax

Employee shareholder status abolished following ‘abuse’

The only genuinely unexpected measure in yesterday’s Autumn Statement is the ending of favourable tax treatment of employee shareholders, a policy introduced in 2013. Employee shareholder status was originally intended as a way of allowing small companies to grow rapidly…
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HMRC warning on Entrepreneurs’ Relief tax avoidance scheme

New guidance has been issued by HM Revenue & Customs concerning a recently discovered capital gains tax avoidance scheme. HM Revenue & Customs has identified a scheme that attempts to exploit Entrepreneurs’ Relief by turning income into a capital gain,…
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The Autumn Statement: Taxing Income & Capital

The government will publish its Autumn Statement on 23 November 2016. This week’s blog will see four posts on what someone might expect to see over the next four or five years by way of reforming our overly complex tax…
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HMRC Reassures Buy-to-Let Landlords

An unannounced amendment to the Finance Bill, under which gains from certain property disposals will be charged to income or corporation tax rather than capital gains, should not adversely affect buy-to-let investors, according to the National Landlords Association. The government…
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Entrepreneur’s Relief Rules Change

The Government appears to have taken note of concerns over retrospective taxation and amended the Finance Bill 2016 in an attempt to remove the possibility in certain circumstances. Entrepreneurs’ relief was introduced by the Treasury as an incentive to entrepreneurship…
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