Accidental fruits of Labour
Stean, M.
Accidental fruits of Labour - 2001 - Estates Gazette (0102) 13 January 2001, 139(1) .
Describes plans to introduce a tax deferral relief that will allow companies who sell a substantial holding, defined by the Inland Revenue at 20%, to avoid paying tax on the proceeds of the sale if they are reinvested in a similar holding in a new trading company. Although aimed at discouraging multinationals from investing through foreign rather than UK companies the move is expected to encourage the property development industry.
CORPORATION TAX
PROPERTY DEVELOPERS
PROPERTY DEVELOPMENT
TAX RELIEF
Accidental fruits of Labour - 2001 - Estates Gazette (0102) 13 January 2001, 139(1) .
Describes plans to introduce a tax deferral relief that will allow companies who sell a substantial holding, defined by the Inland Revenue at 20%, to avoid paying tax on the proceeds of the sale if they are reinvested in a similar holding in a new trading company. Although aimed at discouraging multinationals from investing through foreign rather than UK companies the move is expected to encourage the property development industry.
CORPORATION TAX
PROPERTY DEVELOPERS
PROPERTY DEVELOPMENT
TAX RELIEF