CGT Capital Gain Tax Terms with "P"
Glossary of CGT Capital Gain Tax - Glossario CGT Capital Gain Tax
Glossary of CGT Capital Gain Tax - Glossario CGT Capital Gain Tax
Personal Company: a personal company is a term used to describe a company that you have a certain level of control in. The term helps to define whether an asset is classed as a business asset for Capital Gains Tax relief purposes. One of the criteria may be that the shares are in a personal company. For Gift Hold-Over Relief and Taper Relief a personal company is one where you have at least 5 per cent of the voting rights. For Entrepreneurs' Relief a personal company is one where you own at least 5 per cent of the ordinary share capital and that gives you at least 5 per cent of the voting rights.
Personal Company: a personal company is a term used to describe a company that you have a certain level of control in. The term helps to define whether an asset is classed as a business asset for Capital Gains Tax relief purposes. One of the criteria may be that the shares are in a personal company. For Gift Hold-Over Relief and Taper Relief a personal company is one where you have at least 5 per cent of the voting rights. For Entrepreneurs' Relief a personal company is one where you own at least 5 per cent of the ordinary share capital and that gives you at least 5 per cent of the voting rights.