CGT is a tax on the proceeds of the sale of anything you own. For an asset owned for more than a year, it is calculated from the profit generated, which is the rise in value of the sale price compared to the purchase cost. Typically it’s applicable to: • Shares • Investment funds • […]
When starting, a new business must select a business structure, which will have both legal and tax implications, and the choice of business structure is a monumental step for a new company. It can affect ongoing costs, liability and how your business team can be configured. This topic becomes particularly timely during tax season, as […]
Key points • The procedure for a company to purchase its own shares is strict and complex, and legal advice should always be obtained. • Buy-backs are useful to return cash to shareholders or to restructure the balance sheet of a company. • Companies Act 2006, s 694 permits private limited companies to buy back […]
