任務(wù)資本利得稅企業(yè)減免

GiftRelief(Holdoverrelief)

第一大模型：夫妻之間轉(zhuǎn)讓模型

②GiftreliefAssetsqualifying

Businessassets

Unquotedsharesinatradingcompany

Quotedsharesinapersonaltradingcompany(>5%)

A: B:

deemedproceeds: basecost=deemedproceeds-giftrelief

less:oricost

less:giftrelief

taxednow(actualgain)

GiftRelief(Holdoverrelief)

Notification:

Bothparties

20/21~before2025/4/5

Example1

On6May2020AngelosoldtohissonMichaelafreeholdshopvaluedat￡200,000for￡50,000,andclaimedgiftrelief.Angelohadoriginallypurchasedtheshopfromwhichhehadrunhisbusinessfor￡30,000.MichaelcontinuedtorunabusinessfromtheshoppremisesbutdecidedtoselltheshopinMarch2021for￡195,000.

Computeanychargeablegainsarising.

Giftofqualifyingshares

Ifthecompanyhaschargeablenon-businessassetsatthetimeofthegift

giftreliefwillbe:

Totalgain×MVofCBA/MVofCA

CBA

=chargeablebusinessassets(chargeableassetsexceptinvestments)

CA

=chargeableassets(assetsnotexemptfromCGT)

Example2

MorrisgiftssharesinhispersonalcompanytohissonMinorrealizingagainof￡100,000.Themarketvaluesoftheassetsownedbythecompanyatthedateofthegiftare:

￡

Freeholdfactoryandoffices

150,000

Leaseholdwarehouse

80,000

Investments

120,000

Currentassets

200,000

Showthegainqualifyingforhold-overreliefandthechargeablegain.

ReplacementofBusinessAssets

-第三大模型②

ReplacementofBusinessAssets

Qualifyingassets

Landandbuildings.

Fixedplantandmachinery.

Conditions

Replace12mbefore?36maftersale

Example3

InJune1996JohnFieldboughtsomelandfor￡140,000foruseasafixedassetinhistrade.InAugust2020hesolditfor￡250,000,immediatelyreinvesting￡230,000oftheproceedsinfreeholdpropertyforuseinhistrade.

Required

Calculatethechargeablegainandthebasecostofthenewasset.

ReplacementofBusinessAssets

Wherethereplacementassetisadepreciatingasset,thegainisnotrolledoverbyreducingthecostofthereplacementasset.Ratheritisdeferreduntilitcrystallisesontheearliestof:

Thedisposalofthereplacementasset

Thedatethereplacementassetceasestobeusedinthetrade(butthegaindoesnotcrystallizeonthetaxpayer'sdeath)

Tenyearsaftertheacquisitionofthereplacementasset(maximum)

Example4

NormaboughtafreeholdshopforuseinherbusinessinJune2017for￡125,000.Shesolditfor￡140,000on1August2018.On10July2018,Normaboughtsomefixedplantandmachinerytouseinherbusiness,costing

￡150,000.Shethensellstheplantandmachineryfor

￡167,000on19November2020.

ShowNorma'sgainsinrelationtothesetransactions.

Businessassetdisposalrelief

Businessassetdisposalrelief

Assetsqualifying

Disposalofwholeorpartofbusiness(noreliefongainsfrominvestments).

Disposalofsharesinatradingcompany,whereindividualhas5%shareholdingandisanemployeeofthecompany

Assetsmustbeownedfor2yearpriortodisposal.

Claimdeadline:Disposalsinthetaxyear2020/21,31January2023.

Businessassetdisposalrelief

Operationofrelief

￡10mlifetimelimit

Gainstaxed@10%

Gainsuseupanyunusedbasicratebandinprioritytoothergains

Example5

Daisysoldhissoletraderbusinesson3August2020.Gainsaroseonchargeableassetsasfollows:

Offices ￡450,000

Goodwill ￡75,000

Investments ￡120,000

Allassetshadbeenownedfor2yearpriortodisposal.On23March2021Daisysolda15%shareholdinginPuddleLtdwhichresultedinachargeablegainof?600,000.

Daisyhadacquiredtheseshareson1June2007andhadbeenemployeeofthecompanyeversince.

Daisyhascapitallossesof?15,000broughtforward.

Required

CalculateDaisy’sTaxableGainsfor2020/21.

Investor’srelief

Investor’sRelief

Assetsqualifying:

notemployeeordirector；

unquotedcompany’snewissuedshares

acquiredafter6April2016,andmustbeownedfor3yearpriortodisposal.

Claimdeadline:Disposalsinthetaxyear2020/21,31January2023.

Example:

On20June2017,Winniesubscribedfor150000￡1ordinaryshares(a2%shareholding)inUnquoteLtd，anunquotedtradingcompany,attheirparvalue.

Shehasneverbeenanemployeeordirectorofthecompany.Winniesoldthe150000sharesinUnquoteLtdfor￡760,000on15December2020.

Investor’sRelief

Operationofrelief

￡10mlifetimelimit

Gainstaxed@10%

Gainsuseupanyunusedbasicratebandinprioritytoothergains

RatesofCGT

RatesofCGT

①taxableincome

②taxablegainscoveredbyBusinessassetdisposalrelief&investor’srelief(10%)

③othertaxablegains

generalgains

residentialproperty

Lowerrate

10%

18%

Higherrate

20%

28%

GiftaiddonationPPS

37500

PaymentofCGT

2020/21 31/01/22

Gain CGTdue

Example6

Forthetaxyear2020/21,Adamhasasalaryof￡41,000.Duringtheyear,hemadenetpersonalpensioncontributionof￡4,400.On15June2020,Adamsoldanantiquetableandthisresultinachargeablegainof￡20,000.

Paymentonaccountonresidentialproperty

Paymentonaccountonresidentialproperty

住宅類(lèi)房產(chǎn)預(yù)繳稅款

Apaymentonaccountmustnowbemadewithin30dayswherecapitalgainstaxispayableinrespectofadisposalofresidentialproperty.AreturnmustbesubmittedtoHMRCatthesametime.

Residentialpropertygain(onlyoneintheexam) XCurrentyearcapitallossBeforethisdisposal (X)Capitallossbroughtforward (X)

Annualexemptamount (12,300)

A

Paymento