Publisher's Synopsis
Capital Gains Tax Reliefs for SMEs and Entrepreneurs (formerly the highly-revered Capital Gains Tax, Roll-over, Hold-over and Deferral Reliefs), takes all the essential information on capital gains tax reliefs that may apply to small and medium sized businesses (SMEs), and builds a special focus on reliefs available to entrepreneurs. The specialist technical information guides you through the reliefs available for your clients' capital transactions, compares and contrasts how different types of businesses can benefit and gives guidance on how to avoid the pitfalls put in place to prevent the abuse of those reliefs. It outlines the calculation, process and application of the key tools that allow gains to be deferred, held-over or extinguished, as well as addressing the use of capital losses which may arise. The emphasis is on entrepreneurs' relief, EIS, SEIS and social investment relief. It is structured to reflect the changing needs of a business and its owners throughout the business lifecycle; from sole-trader to incorporation, expansion to a group, withdrawal of the founders, passing-on the business and disincorporation. Capital Gains Tax Reliefs for SMEs and Entrepreneurs 2016/17 is designed to be used on a day-in day-out basis, with handy hints, tips and planning suggestions, a wealth of worked examples, and fully updated to the latest legislation. CONTENTS: 1: Life of a business - how each relief fits into the business lifecycle; 2: Business asset roll-over relief: conditions; 3: Roll-over relief calculation; 4: Roll-over relief: shareholders, partners and overseas issues; 5: Entrepreneurs' relief; 6: Incorporation relief; 7: Seed Enterprise Investment Scheme (SEIS); 8: EIS: deferral and disposal reliefs; 9: EIS: deferral relief claw-back; 10: Social investment relief; 11: Groups of companies; 12: Corporate intangible assets roll-over; 13: Substantial shareholding exemption (SSE); 14: Reliefs on exchange of shares; 15: Share loss relief and negligible value; 16: Business asset hold-over relief: conditions; 17: Hold-over relief: calculation; 18: Hold-over relief: exceptions and claw-back; 19: Businesses and trusts - s.260 and hold-over block for settlor interested trusts; 20: Compulsory acquisition of land; 21: Compensation and insurance receipts; 22: Transfer of shares to SIP or EBT; 23: Transfer of control to Employee ownership trust; 24: Disincorporation relief; 25: Planning with CGT - risks, GAAR, TAARs and DOTAS.
