Incorporation can provide shelter

Article Abstract:

UK tax laws are currently favorable for incorporated companies. The top tax rate is 35 percent, trading income can be retained without fear of apportionment, and shareholders' dividends are no longer subject to investment income surcharges. As a result, many sole ownerships and partnerships are incorporating in order to take advantage of the tax-favored status of companies. However, the Capital Gains Tax consequences of incorporation need to be understood and planned for prior to forming a company. The two forms of tax relief available under the Capital Gains Tax Act of 1979, roll-over relief and gifts relief, are discussed. The second part of this article will discuss other aspects of taxation relevant to incorporated businesses.

Capital gains tax, Great Britain

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Something ventured

Article Abstract:

Issues concerning tax benefits which business enterprises can gain by investing in other companies are discussed. Particular attention is given to the provisions of the Finance Act 2000 regarding the corporate venturing scheme aimed at attracting small business investment.

Finance, Investments, Small business, Business enterprises

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The strongest link

Article Abstract:

Changes made to UK tax regulations in the Finance Act 2000 for groups of companies are described, with focus on the amount of loss relief that can be claimed, rules for capital gains and the tax treatment of overseas branches.

United Kingdom

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