20. Taxation in Family Law

2018 ◽  
pp. 207-211
Author(s):  
Jane Sendall
Keyword(s):  
Income Tax ◽  
Family Law ◽  
Capital Gains ◽  
Capital Gains Tax ◽  
Inheritance Tax ◽  
Stamp Duty ◽  
Financial Settlement

Family law practitioners must be aware of the tax implications of any financial settlement and make it tax- efficient for the client. This chapter discusses the types of tax most relevant to family law, including income tax, capital gains tax, inheritance tax, and stamp duty land tax.

20. Taxation in Family Law

2018 ◽  
Author(s):  
Jane Sendall
Keyword(s):  
Income Tax ◽  
Family Law ◽  
Capital Gains ◽  
Capital Gains Tax ◽  
Inheritance Tax ◽  
Stamp Duty ◽  
Financial Settlement

Family law practitioners must be aware of the tax implications of any financial settlement and make it tax efficient for the client. This chapter discusses the types of tax most relevant to family law, including income tax, capital gains tax, inheritance tax, and stamp duty land tax.

20. Taxation in Family Law

Family Law ◽  
2020 ◽  
pp. 207-211
Author(s):  
Roiya Hodgson
Keyword(s):  
Income Tax ◽  
Family Law ◽  
Capital Gains ◽  
Capital Gains Tax ◽  
Taxable Income ◽  
Stamp Duty ◽  
Financial Settlement

Family law practitioners must be aware of the tax implications of any financial settlement and make it tax- efficient for the client. This chapter examines the types of tax most relevant to family law. Income tax is a type of tax paid on taxable income and, the basic personal allowance, as well as the higher and further rates, are discussed. Capital gains tax (CGT) arises on disposal of an asset or the receipt of money in respect of an asset if there is a ‘chargeable gain’, and examples of these are listed, as well as the relation of CGT and sponses/civil partners/family assets. Inheritance taxand stamp duty land tax are also discussed.

20. Taxation in Family Law

2019 ◽  
pp. 207-211
Author(s):  
Jane Sendall ◽  
Roiya Hodgson
Keyword(s):  
Income Tax ◽  
Family Law ◽  
Capital Gains ◽  
Capital Gains Tax ◽  
Taxable Income ◽  
Stamp Duty ◽  
Financial Settlement

Family law practitioners must be aware of the tax implications of any financial settlement and make it tax- efficient for the client. This chapter examines the types of tax most relevant to family law. Income tax is a type of tax paid on taxable income and, the basic personal allowance, as well as the higher and further rates, are discussed. Capital gains tax (CGT) arises on disposal of an asset or the receipt of money in respect of an asset if there is a ‘chargeable gain’, and examples of these are listed, as well as the relation of CGT and sponses/civil partners/family assets. Inheritance taxand stamp duty land tax are also discussed.

11. Taxation of trusts and settlements

2018 ◽  
Author(s):  
Kathryn Wright ◽  
Clare Firth ◽  
Lucy Crompton ◽  
Helen Fox ◽  
Frances Seabridge ◽  
...  
Keyword(s):  
Income Tax ◽  
Capital Gains ◽  
Capital Gains Tax ◽  
Inheritance Tax

Settlements may be created by settlors in their lifetime, or by will, or they may arise under the intestacy rules. This chapter considers the tax implications of such settlements from the perspective of both the trustees and the beneficiaries. It considers each of the three main taxes separately: inheritance tax, capital gains tax, and income tax.

11. Taxation of trusts and settlements

2017 ◽  
Author(s):  
Kathryn Wright ◽  
Clare Firth ◽  
Lucy Crompton ◽  
Helen Fox ◽  
Frances Seabridge ◽  
...  
Keyword(s):  
Income Tax ◽  
Capital Gains ◽  
Capital Gains Tax ◽  
Inheritance Tax

Settlements may be created by settlors in their lifetime, or by will, or they may arise under the intestacy rules. This chapter considers the tax implications of such settlements from the perspective of both the trustees and the beneficiaries. It considers each of the three main taxes separately: inheritance tax, capital gains tax, and income tax.

29. Sale of a business to a company

Business Law ◽  
2021 ◽  
pp. 294-299
Author(s):  
J. Scott Slorach ◽  
Jason Ellis
Keyword(s):  
Cash Flow ◽  
Income Tax ◽  
Capital Gains ◽  
Capital Gains Tax ◽  
Flow Problems ◽  
Stamp Duty ◽  
A Company

A sole trader or partnership may decide, for a variety of reasons, to incorporate the business. Incorporation will give rise to a number of tax and other problems. This chapter considers these problems and how they can be avoided, or at least mitigated. It shows that the tax rules are the most important consideration in this area, since if they are not appreciated, an unexpected tax bill can cause very serious cash flow problems. They include rules on income tax, capital gains tax, VAT, and stamp duty/stamp duty land tax.

29. Sale of a business to a company

2019 ◽  
pp. 294-299
Author(s):  
J. Scott Slorach ◽  
Jason Ellis
Keyword(s):  
Cash Flow ◽  
Income Tax ◽  
Capital Gains ◽  
Capital Gains Tax ◽  
Flow Problems ◽  
Stamp Duty ◽  
A Company

A sole trader or partnership may decide, for a variety of reasons, to incorporate the business. Incorporation will give rise to a number of tax and other problems. This chapter considers these problems and how they can be avoided, or at least mitigated. It shows that the tax rules are the most important in this area, since if they are not appreciated the payment of an unexpected tax bill can cause very serious cash flow problems. These include rules on income tax, capital gains tax, VAT, and stamp duty/stamp duty land tax.

11. Taxation of trusts and settlements

2020 ◽  
pp. 158-168
Author(s):  
Jennifer Seymour ◽  
Clare Firth ◽  
Lucy Crompton ◽  
Helen Fox ◽  
Frances Seabridge ◽  
...  
Keyword(s):  
Income Tax ◽  
Capital Gains ◽  
Capital Gains Tax ◽  
Inheritance Tax

Settlements may be created by settlors in their lifetime, or by will, or they may arise under the intestacy rules. This chapter considers the tax implications of such settlements from the perspective of both the trustees and the beneficiaries. It considers each of the three main taxes separately: inheritance tax, capital gains tax, and income tax.

11. Taxation of trusts and settlements

2019 ◽  
pp. 158-168
Author(s):  
Kathryn Wright ◽  
Clare Firth ◽  
Lucy Crompton ◽  
Helen Fox ◽  
Frances Seabridge ◽  
...  
Keyword(s):  
Income Tax ◽  
Capital Gains ◽  
Capital Gains Tax ◽  
Inheritance Tax

Settlements may be created by settlors in their lifetime, or by will, or they may arise under the intestacy rules. This chapter considers the tax implications of such settlements from the perspective of both the trustees and the beneficiaries. It considers each of the three main taxes separately: inheritance tax, capital gains tax, and income tax.

29. Sale of a business to a company

2017 ◽  
Author(s):  
J. Scott Slorach ◽  
Jason Ellis
Keyword(s):  
Cash Flow ◽  
Income Tax ◽  
Capital Gains ◽  
Capital Gains Tax ◽  
Flow Problems ◽  
Stamp Duty ◽  
A Company

A sole trader or partnership may decide, for a variety of reasons, to incorporate the business. Incorporation will give rise to a number of tax and other problems. This chapter considers these problems and how they can be avoided, or at least mitigated. It shows that the tax rules are the most important in this area, since if they are not appreciated the payment of an unexpected tax bill can cause very serious cash flow problems. These include rules on income tax, capital gains tax, VAT, and stamp duty/stamp duty land tax.

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