Practice Points for Tax Practitioners

In this Tips & Advice Special Report you'll read about...

1. Options to defer CGT

1.1. Capital gains tax

1.2. Business assets: rollover relief

1.3. Reliefs for gifts

1.4. S.165

1.5. S.260

1.6. Tax-efficient investments

1.7. What about seed EIS?

1.8. Conclusion

2. Making the most of pension savings

2.1. Pension freedom

2.2. Maximising savings for retirement

2.3. Additional contributions close to retirement

2.4. Recycling rules

2.5. Avoiding the recycling trap

2.6. After flexible access

2.7. Pension funds and IHT

2.8. Death before age 75

2.9. Death after age 75

2.10. Conclusion

3. How to set up an EMI scheme

3.1. Share schemes - overview

3.2. EMI - the basic premise

3.3. Is the EMI right for your client?

3.4. Set up the scheme

3.5. Granting the first options

3.6. Limits

3.7. HMRC compliance

3.8. Exercising options

3.9. Conclusion

4. Avoid IHT on family company shares

4.1. Business property relief

4.2. Basic recap

4.3. Conditions

4.4. Qualitative factors

4.5. Trap - contracts for sale

4.6. Trap - furnished holiday lets

4.7. Case in point

4.8. Excepted assets

4.9. Cash balances

4.10. Further useful points

4.11. Conclusion

5. Is planning with trusts still possible?

5.1. Relevant property - post-2006

5.2. IHT entry charge

5.3. IHT exit charges

5.4. Case study

5.5. Ten-year charge

5.6. Case study continued

5.7. Discretionary loan trusts

5.8. Discounted gift trusts

5.9. Discretionary two-year trusts

5.10. Compliance

5.11. Conclusion

6. Reducing IHT on family homes

6.1. Death tax

6.2. Recap

6.3. RNRB

6.4. Downsizing

6.5. First consideration

6.6. Obstacles to IHT planning

6.7. Capital to cash

6.8. Capital to BPR

6.9. Live-in children

6.10. Debt scheme

6.11. Conclusion

7. PRR with multiple homes

7.1. Background

7.2. Multiple properties

7.3. Intention of gain

7.4. Evidence

7.5. Elections etc.

7.6. Actual occupation

7.7. Deemed occupation

7.8. When does ownership start?

7.9. Disagreement and tribunals

7.10. Court of appeal hearing

7.11. Conclusion

8. How to best use trading losses

8.1. Recap on losses

8.2. Default position

8.3. Wasted allowances

8.4. Sideways relief

8.5. Don’t forget Class 4 NI

8.6. Restrictions to s.64 relief

8.7. Start-up clients

8.8. Case study - which claim?

8.9. Last chance saloon

8.10. Conclusion

9. Securing EIS relief

9.1. Private investment

9.2. Enterprise investment scheme

9.3. Starting point

9.4. Conditions for the investor

9.5. Substantial interest

9.6. Directors

9.7. Modern problems

9.8. Advance assurance

9.9. Don’t forget SEIS

9.10. Conclusion

10. VAT registration: practical tips and advice

10.1. Forward looking test

10.2. Excluded income

10.3. Avoid registration?

10.4. Voluntary registration

10.5. Registration - exception

10.6. Registration - exemption

10.7. Deregistration - compulsory

10.8. Deregistration - voluntary

10.9. Stock and assets trap

10.10. Claiming input tax after deregistration

10.11. Conclusion

11. VAT schemes for small businesses

11.1. Introduction and eligibility

11.2. Flat rate scheme

11.3. Limited cost traders

11.4. Cash accounting scheme

11.5. Annual accounting scheme

11.6. Payments on account

11.7. Leaving the schemes

11.8. Conclusion

12. Investors’ relief - does it apply to share disposal?

12.1. Background

12.2. Forgotten relief

12.3. IR - recap

12.4. Company conditions

12.5. Investor conditions

12.6. Share conditions

12.7. Disposals

12.8. Receipt of value

12.9. Conclusion

13. Operating a company share option plan

13.1. Recap - share schemes

13.2. Employment-related securities (ERS)

13.3. Tax-advantaged schemes

13.4. CSOP - overview

13.5. Is your client eligible?

13.6. Other conditions

13.7. Setting up

13.8. Grant the options

13.9. Reporting requirements

13.10. Is it suitable?

13.11. Conclusion

14. Advising on disposals of interests in land

14.1. Land as a chargeable asset

14.2. Types of disposal

14.3. Parcels of land

14.4. Small disposals

14.5. Leases

14.6. Grant of a long lease

14.7. Short lease from freehold

14.8. Assignment of a short lease

14.9. Sublease from short lease

14.10. Conclusion