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Taper Relief
A Substantial Qualification
PAUL HODGE and MATT REID explain that the effect of a company's activities on entitlement to business asset taper relief is not at all straightforward!
Taper Relief
A Substantial Qualification
PAUL HODGE and MATT REID explain that the effect of a company's activities on entitlement to business asset taper relief is not at all straightforward!
HOW MANY TIMES do we hear the comment 'I have shares in a trading company so if I sell my capital gains tax rate is only 10%' and have to explain that it is not that simple? So if we do not have the information on file we need to look at the shareholding and the company to get specific details on the status of that shareholding in our client's hands when he decides to sell. We accept that most situations are relatively simple but what sort of reaction do you get when you say for example — 'ah ...
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