BPT详解三步曲

　　详解1

　　*Rollover relief/*rollover relief---deemed expenditure+2

　　1.For most assets

　　1)fully invested

　　relief=proceeds-original cost

　　2)partially invested

　　Relief=amount invested-original cost

　　Gain=amount not invested

　　注意:a.不可以partial claim，但是可以选择amount invested从而限制rollover relief amount.

　　b.for depreciating assets,原始cost用来计算depreciation amount，不可以改变，则gain被选择单纯deferred until crystallization.

　　2.For IFA

　　*tax treatment of IFA follows the accounting treatment

　　Gain=proceeds-TWDV

　　Relief=proceeds-original cost

　　(if partially invested,rollover amount=amount invested-original cost)

　　注deemed expenditure on IFA+2的情况

　　对于difference between original cost and TWDV，在每年amortization时已经给与relief,则在disposal时这部分的差不予更多的relief.

　　*Gift relief

　　注意cash consideration received的情况

　　*Goodwill on incorporation

　　Gain on goodwill on incorporation

　　1.all received shares—full incorporation relief gain on goodwill reduce cost of shares received

　　2.partly cash+partly shares---not full incorporation relief chargeable:cash%net gain

　　a.gain on goodwill(conditions satisfied?+3---ER??)

　　b.gain on other chargeable assets

　　详解2

　　*Personal service companies

　　1.individual workers 2.The company 3.No provider exist—区别MSCS

　　Conditions1.Deemed Employee/officers

　　2.right to capital---more than 5%

　　interest

　　3.less payment

　　(Amount paid as EI is less than the amount received from relevant engagement.)

　　After deduction of

　　1.5%gross relevant engagement fees

　　2.Employer pension contribution

　　3.Actual EI and NIC already paid

　　4.Remaining-------deemed EI and NIC based on deemed EI

　　*Close companies

　　Loan to participators

　　1.单纯participators

　　2.employee/participators

　　Conditions:free interest loan/lower interest loan+more than 10,000

　　Results:taxable benefit

　　*written off

　　For employee:1.earning?distribution?(priority)

　　2.class 1 NIC

　　Benefit to participators

　　1.单纯participators

　　For participators:distributions—dividends

　　For company:no expense+no CLASS 1A

　　2.Employee/participators

　　同EI

　　For employee:taxable benefit

　　For company:tax deductible+class 1A

　　QUALIFYING INTEREST

　　Conditions+2 satisfied------interest deductible from total income

　　*limitation—higher of 50,000/25%of adjusted total income

　　*HIVA DOWN

　　Succession/hive down(Intra group transfer of trade and assets)

　　1.Clean company–no tax and commercial history

　　2.CA:no BA/BC

　　Trading losses+2 restrictions

　　(set against profit from same trade

　　When transferring company’s relevant liabilities exceed its relevant assets)

　　3.Intra group transfer

　　Tangible assets---NO GAIN NO LOSS

　　Intangible assets---original cost and acquisition date

　　4.SDLT---exemption---within 75%group

　　Sale of new company’s shares

　　a.SSE???指的是SHARE本身

　　b.1.DE grouping charge

　　FA:SSE?EXEMPT

　　IFA:ROLLOVER/JOINT ELECTION

　　2.SDLT 3 yrs.

　　*Migration---2种不同的Deferral方式

　　公司被认为变为NON-UK R

　　GAIN AMOUNT

　　a.disposed at MV immediately before becoming NON-UK R

　　b.no deemed disposal conditions+2

　　DEFERRAL+2

　　a.75%UK resident company Condition satisfied+2—自己不交tax,parent company交税until crystallization.(crystallization条件+3)

　　b.migrate to EEA member state condition satisfied---自己交税但是可以分期支付区别三种不同类型的资产GAIN,两种不同的分期支付方式。

　　ADMINI PROCEDURE

　　Advance notification+guarantee

　　详解3

　　*RESIDENCE—SPLIT RULE

　　*注意满足条件顺序1.2.3.

　　Leaving

　　Arriving

　　start to work in the UK

　　end of overseas work

　　**SSE+share for share

　　a.share for share:cash consideration received----GAIN***

　　b.

　　*Lease

　　来源：于濮铭，微信号：Puming_Paddy-Yu，由中国ACA网【www.aca.cn】综合整理发布，若需引用或转载，请注明来源！