Publisher's Synopsis
This book offers a practical and comprehensive guide to the three main capital gains tax reliefs. Points of particular importance or difficulty in the computation of the reliefs are identified and well over a hundred worked examples provide immediate clarification of the current law and practice of this complex area. Special subjects covered include: sole traders; family companies; groups of companies; partnerships; re-basing; inheritance tax; agricultural property; compulsory acquisition; transfers to an ESOP; "entrepreneurial" relief; and the interaction of the three reliefs. The book is up to date to Finance Act 1993 dealing with the new roll-over relief on reinvestment in shares ("entrepreneurial" relief). Included are the Residence, Avoidance and Settled Property aspects.;The book is aimed at accountants, tax consultants, solicitors and finance directors.
