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Neil MacGillivray: Business owners beware of potential CGT changes


Neil MacGillivray: Business owners beware of potential CGT changes
OTS report
Neil MacGillivray: It is important to note that a capital loss isn’t an allowable loss unless it is notified to HMRC.
Neil MacGillivray
The recommendations that the Office of Tax Simplification (OTS) put forward in its review of capital gains tax (CGT), published on 11 November, has created quite a stir. Neil MacGillivray warns that, if the key proposals are adopted, current CGT planning opportunities may be lost, particularly for owner managed businesses
The OTS report highlights how the CGT rules can distort behaviour and do not meet policy intent, in particular, their interaction with income tax and inheritance tax (IHT). For example, the lower rates. ....

Neil Macgillivray , James Hay , Business Asset Disposal Relief , Investors Relief , நீல் ம்யாக்‌கிலிவ்ரே , ஜேம்ஸ் வைக்கோல் , வணிக சொத்து அகற்றல் துயர் நீக்கம் , முதலீட்டாளர்கள் துயர் நீக்கம் ,