- Chargeable Event on Death (S541(1)a) ICTA 1988)
- Deficiency Relief (S539-541 ITTOIA 2005)
- Non Trading Debits (Part 6 , Chapter 11, CTA 09) / (S297(3) CTA 09)
- Capital Losses (S2 CGT Act 1992)
- Additional Permitted Subscriptions and Continuing Accounts (ISA Regs 2017)
- Fall in value relief (S131-140 IHT Act 1984)
- Loss on sale of shares (S178-189 IHT Act 1984)
- Related Content
Background
With markets in turmoil around the world, it’s probably not a question of whether the value of your clients’ investments has reduced, but by how much.
The immediate priority may be to allay your clients’ concerns, but it’s also worth considering the tax implications as there is legislation which explains how to deal with losses and falls in value.
Here’s a brief overview of seven tax points you might want to bear in mind over the coming months.