Despite insolvencies being an a record low in over a decade, a large number of businesses are voluntarily closing down due to the economic uncertainty around coronavirus and fears over a possible increase in Capital Gains Tax.
You may go into a marriage with the soundest of intentions, but the best laid plans of mice and men mean that business owners must be aware of the tax implications if a relationship that also runs into business ownership begins to fall apart.
Chancellor George Osborne announced in his Budget speech that he intended to place a lifetime limit of £100,000 on the capital gain which can be exempt from capital gains tax (CGT) acquired under Employee Shareholder Agreements entered into after 16 March 2016.
In an effort to get people investing in their business and create jobs, chancellor George Osborne used his 2016 Budget speech to unveil a reduction in Capital Gains Tax from 28 per cent to 20 per cent.
The 2016 Budget could include some unexpected measures as chancellor George Osborne again takes steps to "balance the books" of the UK economy. Richard Godmon, head of corporate tax at Menzies, took a quick look at what changes the tax landscape could soon be facing.
Tech entrepreneurs should be given special tax breaks, says Autonomy founder Mike Lynch.
How to make sure your business sale rewards you and not the tax man.
What’s more beneficial for business owners: a 50 per cent income tax rate or Capital Gains Tax” We do the math.
One third of UK family businesses are unaware of inheritance and capital gains tax implications. How up to speed are you?
CGT – Cable Gets Tough, or Cable Goes TotallyDoolally. The planned capital gains tax rise is a profound threat to enterprise and must be scrapped. We need your support.
Philip Yea is not impressed. From whichever angle, he doesn't see it as good news.
Alistair Darling has promised to work with four of the UK’s leading business groups on possible changes to those controversial capital gains tax measures announced in the pre-budget report. But he’s unlikely to scrap the proposed 18 per cent CGT flat rate.