From a
tax point of view, S is amiable and is willing to sell its T stock or to cause T assets to be sold.
"With the large private companies/plcs my team has the opportunity to identify the issues from the
tax point of view and then we will call in the accountants to give the specialist advice which would be required.
Mr Stephenson said: 'When it comes to the time for an entrepreneur to retire or sell his business, it is generally far more beneficial from a
tax point of view to sell the company itself, as opposed to the trade and assets.
From an income
tax point of view, if a taxpayer is subject to tax in a state in which it is doing business, it must file income tax returns in that state.
SHOULD you be purchasing a second home as an investment property then the tax implications of purchasing a property jointly should be considered not only from an Inheritance
Tax point of view but also from Capital Gains Tax standpoint.
This type of fund is much more tax efficient from a capital gains
tax point of view as if the manager creates gains within the fund it does not count against your own particular annual capital gains tax exemption, currently pounds 8,500.
If so, you can often achieve a substantial permanent VAT saving by reviewing the
tax point for VAT purposes.
Who is the better off from an inheritance
tax point of view?
'The climate has changed completely and from the
tax point of view this is a very good time to be in business.'
VCT's are very attractive from a
tax point of view.
The
tax point to remember is to make it clear that the money is a grandparent's gift.
It is important, not only from an inheritance
tax point of view but also from claiming entitlements, to ensure that such occupation does not carry with it rights beyond those of a licence.