Keith Gordon Director of ukTAXhelp Ltd focuses on the taper relief rules as they apply shareholdings in groups of companies and to companies that invest in joint venture companies
At the heart of the rules on taper relief there are two fundamental questions. The first considers the length of the period of ownership; the second concerns the status of the asset being disposed of (that is whether it is a business asset or not).
The second of these questions has been much revised in the five years since taper relief was introduced. Whilst most commentators would suggest that the changes are improvements it should be remembered that the changes have generally only applied prospectively. As a result for periods of ownership that span the different...
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Keith Gordon Director of ukTAXhelp Ltd focuses on the taper relief rules as they apply shareholdings in groups of companies and to companies that invest in joint venture companies
At the heart of the rules on taper relief there are two fundamental questions. The first considers the length of the period of ownership; the second concerns the status of the asset being disposed of (that is whether it is a business asset or not).
The second of these questions has been much revised in the five years since taper relief was introduced. Whilst most commentators would suggest that the changes are improvements it should be remembered that the changes have generally only applied prospectively. As a result for periods of ownership that span the different...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
.jpg?sfvrsn=335a554c_0 "300 x 250 (MPU)")