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: family companies; groups of companies; partnerships; re-basing; inheritance tax; agricultural property; compulsory acquisition; transfers to an ESOP and the interaction of the three reliefs. The book is up to date to Finance (No 2) Act 1992. Features new to this second edition include the consolidation of the Taxation of Chargeable Gains Act 1992 and the Inland Revenue's view on technical issues regarding the replacement of business assets.;The book is aimed at accountants, tax consultants, solicitors and finance directors.
