دانلود کتاب Bloomsbury Professional Capital Gains Tax 2021/22

فهرست مطالب :

Preface
Table of examples
Table of statutes
Table of statutory instruments and other guidance
Table of cases
List of abbreviations
Chapter 1 Introduction to capital gains tax
Signposts
What is chargeable as a gain
History of CGT
Who is chargeable to CGT
Exempt assets or gains
The capital gains tax calculation
Reporting of gains
Self-assessment procedures
Payment of tax
Compliance assurance and penalties
Chapter 2 Disposals
Signposts
Definition of assets and disposals
When asset value is lost
Compensation and other receipts
Special situations
Chapter 3 Computation of gains and losses
Signposts
Computational rules
Consideration for the disposal
Connected persons
Delayed or deferred consideration
Allowable expenditure
Calculation and use of losses
Deduction of reliefs
Chapter 4 Particular assets
Signposts
Shares and securities
Options and deposits
Chattels
Wasting assets
Finance arrangements
Assets appropriated to or from trading stock
Chapter 5 Foreign issues
Signposts
Introduction
Basis of the charge to CGT
Foreign assets
Location of assets
Territorial limits of CGT
Residence and ordinary residence prior to 6 April 2013 – the old law
Statutory residence test to determine residence from 6 April 2013 – the current rule
Non-residents doing business in the UK
Anti-avoidance: temporary non-residence
Foreign assets of non-UK domiciled taxpayers
Apportionment of non-resident company’s gains
Double tax relief
Offshore (non-UK resident) settlements
Penalty regime
Increased penalties to tackle offshore tax evasion
New criminal offence of failing to declare offshore income/gains
Compliance disclosure opportunity – ‘requirement to correct’
Extension of offshore limits
Chapter 6 Partnerships
Signposts
How CGT applies to partnerships
Partnership assets and ‘other’ assets
Disposal of partnership assets
Change in fractional share of assets
Limited liability partnerships
HMRC Statement of Practice D12
Chapter 7 Administration of an estate
Signposts
Introduction
Capital gains tax in the period to the date of death
Capital gains tax in the administration of an estate
Legatee or beneficiary
Main residence relief
Deeds of appointment, variations or disclaimers
Sales by legatees
Chapter 8 Capital gains tax – settlements
Signposts
Introduction
Definition of ‘settlement’ and ‘settled property’
The creation of a settlement
Actual and deemed disposals by trustees
Disposal of interests in settled property
Sub-fund elections
Rates of tax
Particular transactions affecting trusts
Exemptions and reliefs
Main residence relief and trustees
Main residence relief, trusts and hold-over of gain under TCGA 1992, s 260
Settlor-interested settlements
Residence of trust
Trusts for vulnerable and disabled persons
Compliance
Chapter 9 Companies
Signposts
Basis of charge
Rebasing
Indexation allowance
Capital losses
Identification of shares
Groups of companies
Relief on disposal of shares
Chapter 10 Land and property
Signposts
Outline
Treatment of land transactions
Part disposals of land
Leases of land
Residential property
Furnished holiday lettings
Non-resident CGT
Annual tax on enveloped dwellings (ATED)
Profits taxed as income
Chapter 11 Main residence relief
Signposts
Scope of the relief
What constitutes a residence?
Other uses of a residence
Extent of the property
Periods of occupation
Two or more residences
Divorce and separation
Chapter 12 Business asset disposal relief (formerly entrepreneurs’ relief)
Signposts
Introduction
Operation of the relief
Claiming the relief
Shareholders
Sole traders
Partners
Trustees
Post-cessation disposals
Associated disposals
Deferred gains
Interaction with other reliefs
Chapter 13 Hold-over relief for gifts
Signposts
Forms of hold-over relief
Gifts of business assets
Operation of TCGA 1992, s 165 relief
Special situations
When relief is denied
Gifts subject to IHT (TCGA 1992, s 260)
Where relief is denied or clawed back
Claims and valuations
Chapter 14 Roll-over relief for business assets
Signposts
Overview of roll-over relief
Conditions
Period for reinvestment
Qualifying activities
Asset classes
Use of assets
Operation of the relief
Depreciating assets
Claims
Interaction with other reliefs
Chapter 15 Incorporation of a business
Signposts
Overview
Effect of the relief
The conditions
Election to forgo incorporation relief
Computing the relief
Interaction with other reliefs
Chapter 16 Venture capital reliefs
Signposts
Four venture capital reliefs
Seed Enterprise Investment Scheme
EIS disposal relief
EIS share identification rules
EIS deferral relief
How to claim EIS deferral relief
What happens when the conditions are broken
Interaction with other reliefs
When EIS relief is withdrawn or clawed back
Venture capital trusts
Social investment tax relief
Chapter 17 Investors’ relief
Signposts
Overview
Company conditions
Investor conditions
Share conditions
Share reorganisations
Claiming the relief
Chapter 18 Other reliefs
Signposts
Employee-ownership trusts
Employee shareholder status
Loans to traders
Share loss relief
Gifts to the nation
Chapter 19 Tax planning versus tax avoidance
Signposts
Tax planning
Tax avoidance
Basic tax planning
Anti-avoidance rules
Disclosure of tax avoidance schemes
Index