Popular Articles
Income tax losses 鈥� overview
Income tax losses 鈥� overviewIncome tax losses can arise due to a number of reasons, but not all losses can be relieved against total income and some losses can only be set against certain types of component income. The table below is a summary of the main reliefs for income tax losses.Summary of
Relief for employee share schemes
Relief for employee share schemesRemuneration expenses are generally deductible for corporation tax purposes as they are considered to be incurred wholly and exclusively for the purposes of the trade. However, expenses relating to shares are usually classed as capital and are therefore not
BPR 鈥� trading and investment businesses
BPR 鈥� trading and investment businessesIntroductionThe basic qualification rules for business property relief (BPR) are illustrated in the Flowchart 鈥� trading or investment business for BPR purposes.For an overview of BPR, see the BPR overview guidance note.Relevant business propertyThe main
