Share and asset sales

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Latest Tax News

FTT holds that sales of occupation income provisions applied to capital sum received by the taxpayer (Rupert Grint v HMRC)

FTT holds that sales of occupation income provisions applied to capital sum received by the taxpayer (Rupert Grint v HMRC)

The following Tax news provides comprehensive and up to date legal information on FTT holds that sales of occupation income provisions applied to capital sum received by the taxpayer (Rupert Grint v HMRC)

FTT holds discrimination settlement payment not taxable (L v HMRC)

FTT holds discrimination settlement payment not taxable (L v HMRC)

The following Tax news provides comprehensive and up to date legal information on FTT holds discrimination settlement payment not taxable (L v HMRC)

FTT allows taxpayer’s R&D appeal (Stage One Creative Services Ltd v HMRC)

FTT allows taxpayer’s R&D appeal (Stage One Creative Services Ltd v HMRC)

The following Tax news provides comprehensive and up to date legal information on FTT allows taxpayer’s R&D appeal (Stage One Creative Services Ltd v HMRC)

UT considers taxpayer’s application for permanent anonymity and third party disclosure request (HMRC v The Taxpayer and Others)

UT considers taxpayer’s application for permanent anonymity and third party disclosure request (HMRC v The Taxpayer and Others)

The following Tax news provides comprehensive and up to date legal information on UT considers taxpayer’s application for permanent anonymity and third party disclosure request (HMRC v The Taxpayer and Others)

Featured Tax content

Direct tax treatment of damages and compensation payments

Direct tax treatment of damages and compensation payments

Direct tax treatment of damages and compensation paymentsWhere a dispute is brought to an end by a payment of damages or compensation, whether under a...

VAT treatment of parking facilities

VAT treatment of parking facilities

VAT treatment of parking facilitiesThis Practice Note is about the VAT treatment of parking facilities.This Practice Note contains references to EU...

The double taxation treaty passport scheme (DTTP scheme)

The double taxation treaty passport scheme (DTTP scheme)

The double taxation treaty passport scheme (DTTP scheme)The double taxation treaty passport scheme (DTTP scheme) enables a borrower to apply for and...

What is an intangible fixed asset?

What is an intangible fixed asset?

What is an intangible fixed asset?Part 8 of the Corporation Tax Act 2009 (CTA 2009) is a specific corporation tax regime that applies exclusively to...

Practice notes

What are capital allowances and capital expenditure?

What are capital allowances and capital expenditure?What are capital allowances?Capital allowances are the means by which tax relief is given for some...
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Produced in partnership with Martin Wilson
2nd Mar
Practice notes

Commercial service charges—VAT implications

Commercial service charges—VAT implicationsThis Practice Note is about the VAT treatment of non-residential service charges. General positionService...
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Produced in partnership with Martin Scammell
1st Mar
Practice notes

Amortisation of intangible fixed assets

Amortisation of intangible fixed assetsWhere a company acquires (or otherwise incurs capitalised expenditure upon) an intangible fixed asset that...
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Produced in partnership with Anne Fairpo
2nd Mar
Practice notes

VAT treatment of damages and compensation payments

VAT treatment of damages and compensation paymentsA damages or compensation payment may attract VAT. This depends on exactly what the payment is for....
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2nd Mar
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Practice notes

Taxation of gambling in the UK

Taxation of gambling in the UKCoronavirus (COVID-19): in light of the coronavirus crisis, HMRC has announced a change to the way returns for General...
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Produced in partnership with Carl Rohsler of Memery Crystal
1st Mar
Practice notes

VAT treatment of intermediaries, agents and disbursements

VAT treatment of intermediaries, agents and disbursementsFor VAT purposes, an intermediary is a person who makes arrangements for, or facilitates, a...
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Produced in partnership with John Fuszard of Sagars Accountants Ltd
2nd Mar
Practice notes

Tax—Finance Act 2022—progress through Parliament [Archived]

Tax—Finance Act 2022—progress through Parliament [Archived]ARCHIVED: This Practice Note has been archived and is not maintained.This Practice Note...
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1st Mar
Practice notes

Taxation of UK LLPs

Taxation of UK LLPsA UK limited liability partnership (LLP) is a body corporate for company law purposes, but is generally taxed as though it were a...
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1st Mar
Practice notes

Transfer pricing and private equity transactions

Transfer pricing and private equity transactionsIP COMPLETION DAY: The Brexit transition period ended at 11pm on 31 December 2020. At this time...
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Produced in partnership with Batanayi Katongera of Macintyre Hudson
2nd Mar
Practice notes

What is a trade for tax purposes?

What is a trade for tax purposes?A company is subject to corporation tax on the profits of its trade or trades in accordance with the rules found in...
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1st Mar
Practice notes

Taxation of trading profits—basis, receipts and deductions

Taxation of trading profits—basis, receipts and deductionsOnce a company has established that it has a trade (for which see Practice Note: What is a...
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2nd Mar
Practice notes

Partnerships and VAT

Partnerships and VATA general partnership is treated, for VAT purposes, as though it were a separate taxable person.This note is about:•the nature of...
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2nd Mar
Practice notes

Ordinary share capital—what it means and why it matters for UK tax purposes

Ordinary share capital—what it means and why it matters for UK tax purposesThe concept of ordinary share capital is important for UK tax purposes....
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Produced in partnership with Michael McGowan
1st Mar
Practice notes

Types of lending

Types of lendingOverdrafts, term loans and revolving credit facilitiesThree common types of loan facility are:•overdrafts•term loans, and•revolving...
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2nd Mar
Practice notes

Corporation tax loss relief—trading losses

Corporation tax loss relief—trading lossesA company that has incurred a trading loss in an accounting period can, in general, use that loss by:•making...
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1st Mar
Practice notes

Tax issues on a scrip or stock dividend

Tax issues on a scrip or stock dividendWhat is a scrip dividend and why do companies make them?A scrip dividend, also referred to as a scrip or stock...
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1st Mar

Popular documents

How do the ‘specified supplies’ rules apply to permit VAT recovery on the expenses of a share sale when

How do the ‘specified supplies’ rules apply to permit VAT recovery on the expenses of a share sale when the buyer is outside the UK?A UK VAT registered seller of shares will normally incur VAT on the costs associated with that sale, for instance on the fees of advisers such as accountants and

Client letter explaining the tax covenant and the tax warranties

Client letter explaining the tax covenant and the tax warranties[Law firm’s letterhead][Addressed to client]Acquisition by [name of buyer] (the Buyer) of [name of target company] (the Company) from [name of seller] (the Seller)—tax [deed of ] covenant and tax warrantiesI [attach OR enclose] for

Tax issues on deferred consideration and share sales

Tax issues on deferred consideration and share salesThe way consideration payable for the acquisition of shares is structured is not always straightforward. In many cases payment can be delayed, deferred or made conditional pending the satisfaction of some contingency.In most cases, this will be

Secondary tax liabilities of companies

Secondary tax liabilities of companiesThe UK tax legislation contains various provisions whereby one person may be made responsible for the tax liability of another. These are known as secondary liabilities. This Practice Note deals mainly with the secondary tax liabilities that can arise in the