Even if you don't have business assets
, there are other planning arrangements which can, over time, cut the eventual IHT bill.
Trading companies whose shares are to be business assets
must not have any non-trading activities if these are capable of having a "substantial" effect on the nature of the company's activities.
The AMT calculations do not include an adjustment for gain on sale of business assets
The result After just two years of ownership, business assets
would attract a 10 per cent effective tax rate on disposal.
The most straightforward decision the Government could make immediately would be that, for business assets
only, the pre-PBR 2007 regime would continue unchanged.
In addition, the Inland Revenue has widened the definition of loan notes - which are often used instead of cash in company takeovers - which qualify for business asset
The acquiring corporation must either continue the acquired corporation's historic business or use a significant portion of its historic business assets
And because the Government has pledged to halve the holding period for maximum taper for a business asset
to only two years in next March's Budget, this could give a better short term result than keeping a shareholding that only partially qualifies,'' she said.
The roots of the new proposals are set in the Finance Act 2000, which relaxed the rules governing capital gains tax business asset
Any asset held by the controlled corporation as a trade or business asset
is generally treated as a trade or business asset
held by the controlling corporation; and
BDNA Corporation is an innovator in business asset
25 percent of taxable estates, and business assets
accounted for fewer than 14 percent during 2009, according to a Congressional Research Service analysis of the data.
When taper relief was available pre-2008, it reduced the effective rate of CGT on business assets
(for example, shares in a private trading company) from 40% to 10% if it was held for two years.
ANY increase in capital gains tax (CGT) for business assets
could have a damaging effect on family-owned firms and their ability to grow and be successful, according to the Institute for Family Business.
a major Japanese printer maker, has agreed to transfer some of its business assets
for small- and medium-sized thin-film transistor liquid crystal displays to Sony Corp.