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ROLLOVER RELIEF INDIVIDUALS AND SALE AND REINVESTMENT OF LAND AND BUILDINGS FULL REINVESTMENT NON BUSINESS USE- INDIVIDUALS:
COMPANIES QUALIFYING ASSETS OF PROCEEDS=ENTIRE ONLY ELIGIBLE 4 YEARS FROM THE END OF
FIXED PLANT AND MACHINERY USED IN THE GAIN IS DEFERRED GAIN CONSIDERED THE TAX YEAR IN WHICH THE DISPOSAL
TRADE INTO BASE COST OCCURRED
OF NEW ASSET.
GOODWILL (INDIVIDUALS ONLY) PARTIAL REINVESTMENT OF COMPANIES:
GOODWILL (UNINCORPOATED ONLY PROCEEDS 4 YEARS FROM
GAIN TAXED NOW= THE END OF THE ACCOUNTING
PROCEEDS NOT REINVESTED PERIOD IN WHICH THE DISPOSAL
(LIMITED TO ORIGINAL GAIN) OCCURRED
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HOLDOVER RELIEF INDIVIDUALS AND SALE OF QUALIFYING ASSSETS DEPRECIATING ASSETS= GAIN IS HELDOVER UNTIL THE EARLIEST NON BUSINESS USE AS ABOVE INDIVIDUALS:
COMPANIES AND REINVESTMENT INTO OF: 4 YEARS FROM THE END OF
DEPRECIATING ASSETS FIXED PLANT & MACHINERY THE TAX YEAR IN WHICH THE DISPOSAL
SALE OF THE DEPRECIATING ASSET OCCURRED
LEASEHOLD PROPERTY WITH LESS THAN OR
EQUAL TO 60 YEARS REMAINING CEASE TO USE IN TRADE COMPANIES:
4 YEARS FROM
10YRS FROM ITS ACQUISITION THE END OF THE ACCOUNTING
PERIOD IN WHICH THE DISPOSAL
OCCURRED
GIFT RELIEF INDIVIDUALS GIFT OR SALE AT UNDERVALE ASSETS USED IN THE TRADE OF INDIVIDUAL,OR OUTRIGHT GIFT=ENTIRE GAIN IS RESTRICT FOR PERSONAL CO 4 YEARS FROM THE END OF
IN THEIR PERSONAL COMPANY(AT LEAST 5% DEFERRED ONTO DONEE. SHARES THE TAX YEAR IN WHICH THE DISPOSAL
HOLDING) OCCURRED
SALE AT UNDERVALUE-GAIN TAXED GAIN ELIGIBLE=CBA/CA
UNQUOTED SHARES NOW=
ACTUAL PROCEEDS ABOVE COST
QUOTED SHARES (AT LEAST 5% HOLDING) ANY REMAINING GAIN DEFERRED ONTO
DONEE
INCORPORATION RELIEF INDIVIDUALS UNINCORPORATED BUSINESS ALL CHARGEABLE ASSETS GAINS ON CHARGEABLE ASSETS ARE IF NON SHARE CONSIDERATION AUTOMATIC IF CONDITIONS MET
TRANSFERS TRADE AND DEFERRED UNTIL INDIVIDUAL SELLS
ASSETS TO COMPANY SHARES GAIN ELIGIBLE= TIME LIMIT TO DISAPPY IS 2 YEARS FROM
31 JANUARY FOLLOWING THE END OF
GAINXSHARE CONSIDERATION/ THE TAX YEAR IN WHICH THE BUSINESS
TOTALCONSIDERATION IS TRANSFERRED
PRINCIPAL PRIVATE INDIVIDUALS SALE OF MAIN RESIDENCE MAIN RESIDENCE INCLUDING HALF A HECTARE GAIN FULLY EXEMPTED PPR RESTRICTED IF PERIOD OF AUTOMATIC
RESIDENCE RELIEF OF LAND ABSENCE EXCLUDING DEEMED
OCCUPATION) TIME LIMIT FOR DETERMINATION OF
PRINCIPAL PRIVATE RESIDENCE IS 2
YEARS FROM THE ACQUISITION OF THE
SECOND PROPERTY
LETTING RELIEF INDIVIDUALS RENTAL OF WHOLE OR PART OF MAIN RESIDENCE RELIEF LOWER OF: MUST HAVE BEEN MAIN AUTOMATIC
MAIN RESIDENCE RESIDENCE AT SOME POINT IN
PPR GIVEN TIME
£40000
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