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Bed and breakfasting off the menu

The Government is clamping down on the practice of bed and breakfasting shares to reduce capital gains tax bills. Bed and breakfasting involves selling shares at the end of business one day and buying them back at the start of business the next day. The Government says any shares sold and repurchased within 30 days will be matched, so any gain or loss will not be realised.

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Afloat on the cashflow

This week, I continue my consideration of the payment of corporation tax in advance under the system of self-assessment for companies, as is the case under pay and file. The Inland Revenue expects to ensure that the correct amounts of corporation tax are payable by virtue of a system of interest on underpayments. The interest […]

Kitemarking can&#39t ensure suitability of a pension

One of the key issues in the stakeholder pensions debate is the degree of regulation appropriate to the products. Would it be prudent to exclude stakeholder pensions from the present framework of regulation by introducing some form of kitemarking? On the face of it, there are advantages to this. First, providers would not need to […]

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