Capital Gains

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CGT simplification seeks opinions

What, if any, are the tax implications of the sale of Wimbledon tennis tickets that the owner is entitled to by virtue of owning a debenture?

Coll and anor (TC28)

A property developer has suggested that the owner of a commercial property should redevelop the plot for housing. A substantial profit is anticipated, but will this result in the loss of entrepreneurs’ relief? Will this be a trading or capital transaction?

RICHARD CURTIS may have a po-faced story about home ownership with an horrific ending

An unmarried couple jointly owned a property for 14 years before the woman moves out. The man remains there for five years before moving out and selling his share to the woman who subsequently sells the property a year later. At what point in the calculation is main residence relief under TCGA 1992, s 222 given?

A run-down of Taxation news and analysis of recent CGT developments

MARK ROWLAND is aghast at HMRC’s late change of heart over capital gains tax on pre-April 2003 employee share options

Revenue and Customs Brief 30/09

A client agreed to purchase a property, but was unable to complete due to a lack of funds. The agreement for lease has been assigned to a new purchaser who will pay a lower amount to the vendor, with the client paying the balance of the original purchase price

An asset is sold subject to a condition. The condition was satisfied and the asset was later reacquired at the same price. Subsequently it was sold at a higher price. Is there an argument that the holding period for taper relief starts at the beginning of the first period?

By Nigel Eastaway, Keith Eamer, Diane Elliott and Shan Kennedy; £110 (plus 7.7% VAT)

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