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Be prepared or lose a pretty penny

By: Language: English Series: Estates Gazette ; (0933) 22 August 2009, 60-61(2)Publication details: 2009Subject(s): Summary: Charities considering the sale and disposal of land and property need to be aware of complex taxation issues. Income and Corporation Taxes Act 1988 s776 and capital gains issues are discussed in depth. Highlights the pitfalls which charities may find themselves in. Considers the option of creating trading subsidaries to avoid s776 issues.
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Charities considering the sale and disposal of land and property need to be aware of complex taxation issues. Income and Corporation Taxes Act 1988 s776 and capital gains issues are discussed in depth. Highlights the pitfalls which charities may find themselves in. Considers the option of creating trading subsidaries to avoid s776 issues.