Accidental fruits of Labour
Series: Estates Gazette ; (0102) 13 January 2001, 139(1)Publication details: 2001Subject(s): Summary: 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.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS63495 (Browse shelf(Opens below)) | 1 | Available | 110626-1001 |
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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.