Negligible Value Claims 2019 – The Facts The sale of company shares and other assets for more than their purchase price will generally give rise to a charge to capital gains tax. Conversely, the disposal of shares for less than their purchase price will result in a capital loss. Such 
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The Right Structure for the The Wrong Trousers: Aardman founders sell to Employee Ownership Trust Aardman Animation are pioneers of stop-motion animation, the creators of international icons of modern British culture, Wallace & Gromit, as well as a string of other successes such as Shaun the Sheep, Flushed Away and 
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January not only marks the start of the New Year but, for many people, a fresh start – a chance to make changes to their private and professional lives. However, for millions of people across the UK, it’s a time of stress as they make an annual attempt to finalise 
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The Chancellor announced important changes to Entrepreneurs’ Relief in his 29 October 2018 Budget Statement. As discussed in a previous post, the changes as drafted had wide-ranging, and it is assumed untended, consequences. In particular, the new legislation as drafted could have denied Entrepreneurs’ Relief to any shares in companies 
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Inheritance tax and specialty debts: not so special? Following consultation with professional bodies, HMRC has updated its guidance on the inheritance tax treatment of specialty debts. A specialty debt is: a debt made by deed, or a deed which records or creates obligations, or a debt incurred by way of 
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NEW YEAR DISHONOUR: A KNIGHTHOOD AND A PARLIAMENTARY DOUBLE RAP FOR “PERVERSE” HMRC January is the time of year when many of us set out our intentions for the 12 months to come. Of course, abiding by resolutions requires a certain resolve, an ability to withstand pressure to change tack 
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What’s New This Week @ETC Tax – W/C 31st December 2018 Happy New Year from everybody at ETC Tax. After our Christmas break, we are now back in the office and working hard. Here is some of the work we have been doing this week: Considering options to rollover significant 
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ETC Tax would like to wish all a Merry Christmas and Happy New Year! Our office closes 21st December and will re-open for business on the 2nd of January 2019. ETC Tax advice team is looking forward to a big year in tax advice for 2019 and would like to 
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What’s New This Week @ETC Tax – W/C 3rd December 2018 As the Christmas break draws nearer, the hard work still continues. Here is what we have been working on this week: – Advising a non-domiciled individual on the suitability of claiming the remittance basis in consideration of their overseas 
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What’s New This Week @ETC Tax – W/C 26 November 2018 This week we hosted our annual drinks event in London, however, it’s not been all play and no work, here is a list of what we have been working on this week: • Advising a client who buys and 
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