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Capital Gains

P Moore (TC2827)

SC Mak (TC2811)

Death can be the end for relief on shares bought by venture capitalists

R Denny (TC2714)

A Headley (TC2779)

A sole trader farmer owns a farmhouse and 160 acres of farmland. The intention is that he will rent the land to his brother who will farm it, but what is the most tax-efficient manner in which to do so?

A UK taxpayer is emigrating to Australia part way through 2013/14. His UK house is for sale and there may be additional capital gains during this year

A financial adviser carried on his business as a sole trader before incorporating several years ago. At that time, goodwill was considered personal and was retained by him. Tranches of customers are being sold, but are these personal, corporate or joint disposals and do the sale of income provisions apply?

The Treasury’s controversial new employment status is set to go in to operation at the start of next month.

The employee-shareholder arrangement will see staff members give up a number of workers’ rights from 1 September in exchange for at least £2,000 of tax-friendly shares in their employer’s company.

Finance Act 2013 provides reliefs for the shares, meaning income tax and National Insurance will usually not be chargeable on the first £2,000 of share value received, and there will usually be a capital gains tax exemption for up to £50,000 of shares.

A Mateides and H Mateides (TC2750)

The shareholders of a small limited company are a husband and wife. The company owns a property and the tenants would like to purchase the freehold interest

A father acquired an impressionist painting from his mother on her death about 12 years ago. The father’s own son will soon have his 50th birthday and the father wishes to gift the painting to him as a present

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