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5 Cards in this Set
- Front
- Back
Takeover Relief - Treatment of Cash |
Gain is chargeable immediately |
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Takeover Relief - Treatment of Shares |
New shares - so no gain until sold |
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Takeover Relief - Treatment of Loan Stock |
Calculate gain now but frozen until sold |
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Why would you 'Disapply' from Takeover Relief conditions? |
Trade off is whether more CGT to be paid down the line i.e Paying CGT now could be at 10% rather than 20% in the future Consider amount of gains occuring in current year Vs future periods |
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Takeover Relief - Treatment of QCBs (Qualifying Corporate Bonds) |
Gain is deferred until the sale of QCB They never qualify for BADR |