Good news on capital gains issue
The First-tier tribunal concluded that a payment by a significant shareholder to get out of an obligation in order to assist a buyer in acquiring the company was a deductible expense in computing his capital gain on an eventual acquisition even though this was by another party. The tribunal held that the expenditure was for the purpose of enhancing the value of the shares and that it was reflected particularly in the state rather than the nature of the shares.
Further details can be found here.
Date: 10th March, 2014
Articles from this Author
1st November, 2018
Budget 2018 - Changes for businesses
22nd October, 2018
Making the most out of your home? Rent a room relief
3rd May, 2018
Tax changes for non-resident corporate landlords
4th April, 2018
EMI options - a current risk
Contact Business Service Partners
Choose from the drop down menu below to select a Partner to contact.
‘No matter the size they all face common issues and they all need a trusted advisor to help them achieve their ambi… twitter.com/i/web/status/1…
For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole