Taxing receivership sales

Article Abstract:

Acase study was discussed in order to illuminate tax issues related to receivership sales. The case involved car dealer Penelope's Plush Cars Ltd (PPCLtd) which was subjected to a receivership as a result of declining profits. The appointed administrated receiver decided to sell the company as a going concern because that would generate a higher revenue. The trade and assets of PPC Ltd, excluding the showroom and forecourt, were hived down to a newly created subsidiary called PPC (1993). This would facilitate the retention of the continuity of the tax losses and avoid any contingent warranty claim. Through the 'succession of trade' relief provided by the ICTA 1988 Sec 343, some tax implications of a cessation of trading were dodged. Other tax implications were described.

Case studies, Receivers (Law)

---

"We'd like to give you that but..."

Article Abstract:

The provisions of the UK Finance Act 2000 that relate to charities are described, with focus on changes in the rules for corporate donating with the introduction of Gift Aid and the tax treatment of charities that trade.

Charities, Charitable contributions, Charitable donations

---

Sale of the century

Article Abstract:

A discussion of the provisions of the UK Finance Act 2000 on accelerated business taper relief is presented, with focus on the most important taxation points for business owners planning to sell their business.

Sale of business enterprises

Similar abstracts:

• Abstracts: On readership: the value of teen research. Appealing to the next generation
• Abstracts: Cifs remain attractive for charities. No fun on the swings. A question of ethics
• Abstracts: Planning investment for a lifetime. Bright new things. That was the year that was
• Abstracts: Only the ones we like?: Selective application of International Accounting Standards cuts no ice. Yes to IAS, but not now?
• Abstracts: Subsidiaries: checklist for tax-efficient sales. Give us a break. Promise me

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.