Peter Rayney explores the tax implications for companies undertaking transactions in listed shares.
Despite the ravages caused by the Covid-19 disruption, some owner-managers are sitting on substantial cash balances in their companies. These are currently yielding pitiable returns!
A number of these owner-managers, with an appetite for greater investment risk, have decided to take the plunge and acquire a range of listed equities. They have heard concerns about the potential adverse impact on business asset disposal relief (BADR) and inheritance tax business property relief, but have dismissed them on the basis that these issues are not of immediate relevance to them.
The upshot of all this is that I have been required to give detailed advice on the tax treatment of corporate trading and investment in listed/quoted equities. I would like to share this with you (Note: This
