FinSol Tax Advisors have experienced Accountants Watford who is a part of our largest network of accountants and they offer various kinds of services.
Capital Gains Tax: It is a tax on the profit when you sell (or 'dispose of') something (an 'asset') that's increased in value. It's the gain you make that's taxed, not the amount of money you receive.
You may be able to delay paying Capital Gains Tax if you transfer your business to a company in return for shares.
Incorporation Relief means you won’t pay any tax until you sell (or ‘dispose of’) the shares.
To qualify for Incorporation Relief, you must:
• be a sole trader or in a business partnership
• transfer the business and all its assets (except cash) in return for shares in the company
How to claim
You don’t have to claim Incorporation Relief - you’ll get it automatically if you’re eligible.
To work out the amount you need to pay Capital Gains Tax on, deduct the gain you made when selling your business from the market value of the shares you received.
We can help you to manage your business and their accounts easily and efficiently. If you need any Kind of information about our accountants and their services contact us today!
Contact Email: firstname.lastname@example.org
Contact Phone: 020 8200 0016
Manufacturer: FinSol Tax Advisors Limited
Number of Details Views: 16
Date Posted: 12/12/2017 12:45:27 AM
Posted in Category: Legals
Posted in: London
Ad ID: 408467