Tax Documents
Professionally drafted, regularly updated documents each with its own "how to use" introduction

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Recently added or updated Tax Documents

EIS qualifying company checklist
The enterprise investment scheme (EIS) is a good way to incentivise external investors to buy shares and provide much needed capital for your trading company. Use this handy document as a first step to check whether you can offer investors the lucrative EIS relief.When does a company qualify?There are... Read more
DOWNLOAD September 2019
Type: Checklist
Election to opt out of rental cash basis
Since 6 April 2017 rental property accounts must be prepared on the cash basis if the total of rents and other income you receive from your properties exceeds £150,000 in a tax year. In some circumstances it may be advantageous for you to use the accruals basis of accounting instead. To do this you... Read more
DOWNLOAD August 2019
Type: Letter
Employee contract pay in lieu of notice clause
In the absence of an express payment in lieu of notice clause, you don't have the contractual right to terminate employment summarily upon making such a payment. This doesn't mean you can't do it, but you do need to weigh up all the pros and cons.PILON or damages?In the absence of an express Employee... Read more
DOWNLOAD June 2019
Type: Clause
Spouse's job description
A business can pay a salary to the spouse or other family member of its owner if they work for it. Having a formal job description will help justify the amount paid if HMRC decides to challenge it. How much? The wages paid to a spouse will be a valid tax deduction for the business if HMRC is happy that... Read more
DOWNLOAD June 2019
Type: Miscellaneous

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Entrepreneurs' relief checklist
When you sell or transfer all or part of your business you might be entitled to claim entrepreneurs' relief in respect of any capital gain you make. This means that the maximum rate of tax that will apply will be 10%. However, to qualify there are conditions that you and your business must meet.When... Read more
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Type: Checklist
CGT EIS deferral relief claim
 Investing in enterprise investment scheme (EIS) shares gives you an opportunity to defer capital gains tax (CGT) that would otherwise be payable.claiming reliefEIS deferral relief, sometimes referred to as EIS reinvestment relief, can be used to delay and ultimately (sometimes) reduce a CGT bill... Read more
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Type: Letter
CGT unpaid proceeds claim
If you sell an asset and the buyer fails to pay all or part of the proceeds, and you are unable to recover them, you can claim a reduction for the amount of gain chargeable to tax. Consideration payable after saleWhere you sell an asset and agree with the buyer that payment can be made by instalments,... Read more
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Type: Letter
Unincorporated business trading loss relief claim
If you've made a loss in your sole trade or partnership, you can claim relief for it against tax payable on your other income for that year or the year before. If any loss remains you can claim relief against your capital gains in the year of the loss or the previous year.Trading lossesYou can't offset... Read more
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Type: Letter
Holdover relief claim
When you give away an asset for no consideration, or knowingly sell it for less than it's worth, you will be charged capital gains tax based on the market value. However, you might be able to make a claim to hold this gain over depending on exactly what the asset is.When is relief available?There are... Read more
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Type: Letter
CGT rollover relief claim
When you've sold an asset that was used in your business, and this results in a capital gain, it's possible to defer or even avoid tax on this by claiming rollover relief. Selling a business assetCapital gains tax (CGT) applies to profit you make when you sell a business asset. If this results in a... Read more
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Type: Letter
Non-resident CGT charge election
Since 6 April 2015, non-UK residents have been liable to capital gains tax (CGT) on disposals (sale or transfer) of UK residential property. Where this rule applies the cost of the property for CGT purposes (the "base cost") is its value at 6 April 2015. However, an election to use a different base cost... Read more
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Type: Letter