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    To ensure it was able to retain a core group of key staff members, RJP advised the company to offer an approved share option scheme. This would not only be tax efficient for the company, but would ensure any business critical employees could participate in the future growth of the company and therefore be more likely to remain loyal.

    RJP helped the client to launch an enterprise management initiative (EMI) share scheme, which has enabled staff to benefit from only paying 10% tax on the gains they will make on a future sale of the business.

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    60 Day Deadline for CGT Returns and Tax Payments

    If you sell a property and incur capital gains tax on the transaction, you will need to file a tax return and also pay any tax that is due within 60 days of completion, or penalties will arise. Need help with your property taxes? Talk to us.