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PARTNERSHIPS

A.  INTRODUCTION Preparing a written Partnership Agreement which defines the parties, the partnership intention and the assets to be used, can be so helpful to record the agreement and should be an essential part of any rural business planning [see Lord Hoffman in IRC...

CAPITAL GAINS TAX

A.  Introduction 1. Capital Gains Tax is essentially a lifetime tax payable on the increase in value of chargeable assets when they are realised.  Not necessarily sold (see below) under the Taxation of Chargeable Gains Act 1992 (“TCGA” of just “CGT 1992”). 2. The...

THE FAMILY INVESTMENT COMPANY

A. Introduction 1. Since the introduction of the Finance Act 2006 as an alternative or in addition to the (a) Legal Trust Deed or (b) a Self-Invested Pension Scheme, the Family Investment Company has become a popular alternative. 2. There are different names for these...