Capital Gains Tax Rollover, Holdover and Deferral Reliefs 2009/10

Publisher: Bloomsbury Professional; paperback and ebook

The withdrawal of taper relief indexation and 1982 rebasing combined with the introduction of entrepreneurs' relief and a capital gains tax rate of 18% radically changed the capital gains tax planning landscape for non-corporate taxpayers.

The emphasis for non-corporate taxpayers has moved from ensuring assets are held for a particular qualifying period to ensuring that a business asset disposal qualifies for holdover rollover deferral or entrepreneur’s reliefs.

This may enable a gain to be moved from a year where there is a high rate of capital gains tax to a year where there is a lower rate. To be able to do so the tax planner needs to not only have a detailed understanding of how each particular relief operates but also how the reliefs interact.

The book’s comprehensive section on rollover relief includes...