Was incorporation relief available on the transfer of a consultancy business?
As a result of the removal of extra-statutory concession B47 in April 2013 (following the Wilkinson decision [2005] UKHL 30), landlords can no longer claim tax relief for the replacement of free-standing white goods in unfurnished residential lettings.
Calculating the goodwill of an accountancy firm
On 29 April and 1 May, a Public Bill Committee passed the following Finance Bill provisions without amendment: cl 2 (basic rate limit 2015/16 and personal allowances 2015); cl 3 (starting rate for savings and savings rate limit); cl 4 (indexation of limits and allowances under ITA 2007); cl 8 (CG
A car valeting structure is not ‘plant’
A payment is made by a freeholder to a tenant for the surrender of a lease. Jackie Wheaton reviews the key corporation tax issues
Availability of partnership losses to individual partners
Martin Mann provides guidance on the taxation of gift of shares in a family company
Business not conducted on a commercial basis