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Tax New & Tips

Conditions And Problems Surrounding the Claim for Incorporation Relief

Conditions And Problems Surrounding the Claim for Incorporation Relief

Businesses become companies for a variety of reasons. Not so long ago it was mainly as a tax planning tool but increasingly the differences in tax rates between the self-employed and a company mean that unless the profit is in excess of approximately £50,000 the increased administration involved with a company may not make it …

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Cryptocurrency - What is a Sale - Gain or Income?

Cryptocurrency – What is a Sale – Gain or Income?

Cryptocurrencies, such as Bitcoin, are a type of electronic cash; designed to stand apart from any government or bank they work through a computer network. Records confirming Individual ownership of the ‘coins’ are stored in a digital ledger with secure transaction records. Coins can be bought or sold with other currencies, used to purchase goods from sellers who are …

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