A few years ago you invested in your son’s new business. It never really got off the ground. The company survives but your shares in it are worth nothing. You’ve been told you can claim tax relief
for your investment. How does this work?
Published 05.06.2015
You might think that it’s too late to do anything about your Capital Gains Tax (CGT) bill for 2008/9 given that it ended on April 5. But there’s something you can do in 2009/10 that affects both
2008/9 and 2007/8. What’s involved?
Published 09.06.2009
If you put money into your company and its value falls to nothing, you might be entitled to a tax break to reduce your overall loss. The timing of your investment can determine whether or not you
qualify. How can you avoid losing out?
Published 07.03.2016
A few years ago you set up a company to invest in other businesses. One of them has struggled and you’re undecided whether or not to pull the plug on your investment. If you go ahead what’s the most
tax-efficient way to do it?
Published 28.11.2014
As a general rule using a company solely to hold investments doesn’t make good tax sense. The exception might be leasehold properties. What’s the tax advantage in this?
Published 19.04.2012
The Taxman offers a free valuation checking service to help you complete details of capital gains on your tax return. Recently, he’s even extended this to negligible value claims. How can you take
advantage of this change?
Published 08.06.2006
Coronavirus is having a devastating effect on the trade of many companies which might result in closure or a negative balance sheet. What tax relief for these losses is available to the shareholders
and when can they claim it?
Published 30.04.2020
A few years ago you put money into a new company. It’s in trouble but might pull through; however, your original investment is now worth virtually nothing. How can you turn this disaster into a tax
advantage that might rescue the business?
Published 04.02.2014
Where you sell an asset at a loss, for example shares, you can claim an equal deduction from any capital gains you make, but only if you follow the correct procedure. What steps are needed to ensure
you don’t miss out on loss relief?
Published 16.09.2013
Capital losses brought forward from earlier years must be set against the next taxable gain you make. But where this is chargeable at a lower Capital Gains Tax rate this might not be tax efficient.
What can you do to improve this situation?
Published 12.11.2012