Your company owns the freehold to your business premises and has been claiming Industrial Buildings Allowances. However, when it comes to selling the building this could result in an unexpected tax
bill. How can you avoid this?
Published 29.03.2007
Our subscriber’s business no longer needs such a big premises so he wants to downsize. Despite current market conditions, he expects to get more for the property than he paid for it. Can he avoid a
tax bill on the capital gain?
Published 28.05.2020
Where you own a company which is not much more than a shell, the Taxman won’t insist on Corporation Tax returns. That’s good news, but if you simply stop submitting forms, you’ll still be hit with a
penalty. So what can you do to avoid this?
Published 16.09.2010
You’re planning to move your business to new premises. The trouble is the sale of the current building will result in a taxable gain. A special tax relief means you can defer some of it, but how can
you maximise the tax saving?
Published 04.03.2015
Usually, if you give away some shares in your trading company, this will leave you with a Capital Gains Tax (CGT) problem. But there is a way to do this without you having to pay any tax. Read on.
Published 08.11.2007
The Taxman has become very fussy over claims for tax refunds relating to earlier years. With a special deadline for these falling in January, what steps do you need to take to make sure your claim
isn’t rejected?
Published 30.09.2011
The accounts for your company’s last financial year show a healthy profit. However, there might not be enough money in the bank to pay the Taxman his cut of things when that time comes. What can you
do about this?
Published 17.07.2008
Your company has surplus cash to invest and a colleague suggests that woodlands are worth a look. Not only are the returns reasonable, but investment comes with tax incentives. Is it something to
consider?
Published 17.10.2012
Capital gains that arise on transfer of a business to a limited company can be rolled over i.e. they are not taxed until the shares are sold. However, if you then sell the company there could be a
problem. Here’s one way to solve it.
Published 21.04.2005
If stock markets are tumbling, you may be casting your eye around for alternative investments. Land and buildings can offer good returns in the long term, but are there any tax breaks to encourage
you?
Published 14.02.2008