Reader’s forum questions: Loss of EIS relief and Reliefs available to married couple who want to sell their former properties

Reshma Johar responds to two Reader's forum questions for Taxation magazine: Loss of EIS relief If a company is taken over, will an investor lose EIS relief?  My client has subscribed for some enterprise investment scheme (EIS) shares in...

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HMRC changes its policy on charging interest at 8%

Following the cases involving Lehman Brothers in 2016 HMRC have changed their policy on statutory interest charges imposed where companies go into members’ voluntary liquidation.  Interest is now being charged by HMRC from the start date of...

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Autumn Budget 2017: Disguised remuneration – a further update

A package of proposals were announced at Budget 2016 to tackle existing and prevent future use of disguised remuneration avoidance schemes. New legislation will finalise the measures announced in Budget 2016. The new legislation will make it...

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Autumn Budget 2017: Intangible fixed assets – related party step-up schemes

The realisation of intangible fixed assets (IFAs), contained in Ch 4, Part 8, CTA 2009, broadly expects the profit and loss on the disposal of the IFA to be computed by reference to the proceeds of realisation for accounting purposes. In an arm’s...

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Autumn Budget 2017: Removal of indexation allowances for limited companies

Limited companies are currently entitled to increase the base cost of their capital assets on a disposal by using the indexation allowance to account for the effects of inflation. It was announced in today’s Budget that the indexation allowance...

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