This Virtual Tax Partner © 'VtaxP' © tool checks to see if the Targeted Anti-Avoidance Rule (TAAR) is likely to apply.
From 6 April 2016 a Targeted Anti-Avoidance Rule (TAAR) this rule applies if you have a 'tax motivated' reason to wind up your company and it potentially affects the tax treatment of any cash being withdrawn on liquidation.
When the rule applies your cash distribution will be taxed under the income tax rules.
This rule specifically targets the practice of closing a company in order to obtain capital gains tax rates of tax on your income.
Will the money you receive on winding up your company be taxed under the Capital Gains Tax rules or will the Targeted Anti-Avoidance Rule (TAAR) apply and you will be taxed as if you receive a distribution?
To find and out and see, check the TAAR
To buy the tool and TAAR guide or any of the others in our VtaxP toolbox fill in the box below and write TAAR.
Subscription Plans
This Virtual Tax Partner © 'VtaxP' © tool checks to see if the Targeted Anti-Avoidance Rule (TAAR) is likely to apply.
What do you get when you purchase this tool?
You will receive the TAAR tool, together with guidance on the TAAR and winding up your company.
| Duration: | 365 Days |
| Price: | £159.00 |
Not a subscriber to www.rossmartin.co.uk? Then sign up and this VtaxP TAAR tool comes FREE with your subscription.
Subscription Plans
To subscribe please visit https://www.rossmartin.co.uk/register-or-subscribe
| Duration: | 365 Days |
| Price: | £636.00 |
Subscription Plans
To subscribe please visit https://www.rossmartin.co.uk/register-or-subscribe
| Duration: | 365 Days |
| Price: | £636.00 |
