It has been announced that due to the Coronavirus, the proposed private sector reforms to IR35 will be delayed by 1 year. Instead of coming into force on 6 April 2020, it will now be deferred until 6 April 2021.…
Wellwood Hoyle Associates Limited
Philip C Hoyle FCCA Chartered Certified Accountant, Bolton Le Sands, Carnforth, Lancashire. Tel 01524 824240
Category: Limited company
Where Entreprenneurs Relief Falls Short
When you sell your business, you can expect to pay capital gains tax (CGT) on any gains your make. Currently CGT is payable at 10% (if within your basic rate band for income tax) or 20% on such gains. But…
Limited company benefits
Hundreds of private limited companies are being formed every day. If you are thinking of starting a new business, or are currently in business as a sole trader or partnership, you really need to be thinking about whether to trade…
Entreprenneurs’ Relief Curtailed
When you sell a business or shares in your personal company, the gain made on that disposal will normally qualify for entrepreneurs’ relief which applies capital gains tax (CGT) at 10%. Up to £10m of gains can qualify for this…
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