CGT Targeted Anti-Avoidance Rule (TAAR)

CGT Targeted Anti-Avoidance Rule

Many accountants have reported instances of clients facing HMRC enquiries under the relatively new CGT Targeted Anti-Avoidance Rule (TAAR).   This HMRC enquiry will arise when the owner of a close company liquidates it and then starts up the same trade again, within two years. For the legislation to apply, HMRC must prove that they […]