任务资本利得税企业减免

GiftRelief(Holdoverrelief)

第一大模型：夫妻之间转让模型

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

住宅类房产预缴税款

Apaymentonaccountmustnowbemadewithin30dayswherecapitalgainstaxispayableinrespectofadisposalofresidentialproperty.AreturnmustbesubmittedtoHMRCatthesametime.

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

Annualexemptamount (12,300)

A

Paymento