Daniel Roth FCA’s Post

Business Asset Rollover Relief also known as CGT Rollover Relief allows for deferral of Capital Gains Tax (CGT) on gains made when taxpayers sell or dispose of certain assets and use all or part of the proceeds to buy new business assets. The relief means that the tax on the gain of the old asset is postponed. The amount of the gain is effectively rolled over into the cost of the new asset and any CGT liability is deferred until the new asset is sold. #CGT #CGTRolloverRelief

Tax relief may be available for post-cessation expenses of a trade. To be an allowable post-cessation expense the trade must have ceased and the expense must have been deductible in calculating the trading profits. #ClaimingExpenses #PostCessationBusiness

Tax relief may be available for post-cessation expenses of a trade. To be an allowable post-cessation expense the trade must have ceased and the expense must have been deductible in calculating the trading profits. #ClaimingExpenses #PostCessationBusiness

Where a taxpayer owns a business as a sole trader or in partnership, a capital gain will be deemed to arise if the business is converted into a company by reference to the market value of the business assets including goodwill. This could give rise to a chargeable gain based on the difference between the market value of the assets and their original cost. #Incorporation #IncorporationTaxRelief

Where a taxpayer owns a business as a sole trader or in partnership, a capital gain will be deemed to arise if the business is converted into a company by reference to the market value of the business assets including goodwill. This could give rise to a chargeable gain based on the difference between the market value of the assets and their original cost. #Incorporation #IncorporationTaxRelief

If you have lost or forgotten your National Insurance number there are a number of ways to locate it. Firstly, you could try and locate the number on paperwork such as your tax return, payslip or P60. You can also use your personal tax account or the HMRC App to find your National Insurance number. #NIC #NationalInsuranceNumber

Walton's EVPs of Capital Markets Todd Woodhead and Katie Hubbard MS, CRPC® will be attending Great Point Capital LLC's National Tax Advantage and Sales Conference in San Diego, California, June 23-26. See below for more details! #WaltonGlobal #Land #RealEstateInvestments #GreatPointCapital

The Transfer Act has been burdensome for Connecticut business, is a new program on the horizon? Click to read Carmody Insights: https://ow.ly/vX5150UPz6i

Big Niall Lawther takes me through his best deal to date 🏡 Sometimes the lovely buy to let deals are the best. More passive and long term capital appreciation 😎 #propertyinvesting

There is an online tool, developed by HMRC, that allows taxpayers to check if they need to notify HMRC about additional income. The online tool can be found at https://lnkd.in/d8KKm89z. #HMRC #SelfAssessment