Premium is treated asproperty business income for the year of grant. P-P× 2% (n-1) Where:P = total premium n= duration of lease in years Tenant: premium paid is treated as a tradingexpense(proportioned to month) P-P × 2% (n-1) * m n 12 17.Class 1 NIC (on cashearnings) Pr...
The date of distribution is not the date the liquidation is finalised. HMRC guidance is availableon distribution made in winding up. Gift Hold Over Relief When making a claim to GHO, whether in your self assessment return or at another time, theHS295 or equivalent formmust be completed and...
The Australian government released details ofthe proposed new double tax treaty with the Republic of Sloveniaon September 9 2024. While Slovenia is one of Australia’s smaller trading partners, the proposed treaty provides further evidence of Austra...
CGT reliefs Tax framework term 2 Timetable • Entrepreneurs’ relief • Gift relief especially gifts of business assets Entrepreneurs’ relief Applies to: • First £10m of gains on ‘qualifying business disposals’ taxed at flat rate of 10% - regardless of income • £10m is a life...