PracticeConsultingBUDGET NEWS – CGT measures reduce red tape.

BUDGET NEWS - CGT measures reduce red tape.

Two new CGT measures were announced aimed at reducing red tape on company administration of CGT. Assets will no longer have to be moved between companies in a group to ensure gains and losses could be matched. Companies with large property holdings can now agree with the Inland Revenue the value of all property owned on 31 March 1982 before any sale of that land.

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