Publisher's Synopsis
This work offers a practical and comprehensive guide to the three main capital gains tax reliefs. Points of particular importance or difficulty are identified and explained, and over 100 worked examples provide clarification of the current law and practice. Special subjects include: Venture Capital Trusts; sole traders; groups of companies; partnerships; re-basing; inheritance tax; agricultural property; re-investment relief; transfers to an ESOP; and the interaction of the three reliefs. The Finance Act 1995 is taken into account.;Coverage new to this edition includes: the provisions of the Finance Act 1995 dealing with the new Venture Capital Trust relief; the tax deferral relief under the Enterprise Investment Scheme; relaxation of the conditions for qualifying for reinvestment in shares and relief; and changes in roll-over relief with regard to groups of companies.
