Revenue fog shrouds AIM tax relief
Article Abstract:
The UK Inland Revenue is not willing to provide guidance on rules covering investment on the Alternative Investment Market (AIM) and tax relief. Not all companies qualify for tax relief for investors seeking to defer capital gains tax (CGT). Relief applies to only some 25% of companies, and there are a number of gray areas. Companies have to qualify at the time that shares are purchased, and for three years thereafter. Companies may cease to qualify after shares have been purchased due to an acquisition in this three year period.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Balancing act
Article Abstract:
United Kingdom owner directors can take renumeration in a number of forms, but however they do this, they will need to use profits to save for retirement. Dividends are a tax efficient way of accumulating retirement funds from profits, and levels of corporation tax have fallen. Dividends can also provide an income following retirement. Only stockholders can claim dividends, and companies have to be profitable for dividends to be available. National Insurance does not have to be paid on dividend payments.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1999
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