Capital Gains Tax

(18 customer reviews)
by

This course provides an overview on capital gains tax (CGT) and its complexities. Learn more about this tax and what rates can be charged, and when. You’ll also gain an understanding of the associated exemptions, reliefs, CGT self-assessment and the HMRC penalties.

£150 +VAT

4 CPD hours

365 days’ access

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Use ACPD101 for 10% off any purchase.

Capital Gains Tax

(18 customer reviews)

£150 +VAT

4 CPD Course

365 days’ access

Use ACPD101 for 10% off any purchase.

Capital Gains Tax

(18 customer reviews)

This course is not currently available. To find out more, please get in touch.

This course will enable you to

  • Understand capital gains tax (CGT) and the rates that are currently charged
  • Calculate chargeable gains and learn about the CGT reliefs available
  • Know how and when gains should be reported to HMRC, along with the associated deadlines and tax payment dates
  • Advise on additional compliance and reporting, as well as HMRC’s penalty regime

About the course

Capital gains tax (CGT) is a tax charged on the capital gain or profit, made on the disposal of any asset. At first glance, this sounds straightforward. However, there can be a minefield of complexities to navigate through, not to mention numerous compliance obligations to fulfil.

This course provides an overview of what CGT is, and the rates being charged, as well as exemptions, calculations and reliefs. You’ll discover the procedures behind CGT self-assessment and how to make sure you are compliant, along with the penalties issued if something goes wrong.

Please note, this course only covers CGT in the United Kingdom.

Contents

Capital gains tax

Capital gains tax overview
What is capital gains tax?
Recap and rates
Residence conditions and CGT
When to charge CGT
CGT and asset exemption
Cryptoassets and CGT
The current CGT rates
CGT tax-free allowances

Charges and reliefs

Calculating capital gains
Non-resident CGT charges
Deductible costs
Losses and main residences
Utilising CGT losses
Business Assets Disposal Relief
Investors’ Relief
Main residence relief

Self-assessment procedures

Reporting gains to HMRC
How to value assets
Filing and paying
Filing dates and deadlines under the CGT regime
Instalment options and late penalty payments
Handling residential property disposal

Compliance and penalties

Encouraging CGT compliance
CGT enquiries
HMRC enquiries
Appealing a decision
HMRC penalty charges

Author

Sarah Laing

Sarah Laing

Sarah is a Chartered Tax Accountant (CTA) and a member of the Chartered Institute of Taxation (CIOT). Sarah currently works as a freelance tax author providing technical writing services to the tax and accountancy professions.

18 reviews for Capital Gains Tax

  1. Bennett Ene –

    A good review of CGT providing useful insight on how to assist clients to navigate CGT issues

  2. Steven Anderson –

    .

  3. Robert Willis –

  4. Alan MacPherson –

  5. Emma Stevens –

  6. Jeremy Margetson –

    Range of aspects

  7. Steven Wakeling –

  8. Ann White –

    Not applicable

  9. Andrew Campbell –

  10. Rita Soni –

    It helps update my knowledge of CGT which I am using at work.

  11. Sarah Oddy –

  12. Kate Vaughnley –

  13. john brookes –

  14. Louisa Chan –

    The course give me a complete picture on home the CGT work in UK

  15. Paul Harmer –

  16. Garfield Evans –

    Broad coverage of topic including administrative and compliance matters

  17. A Karim –

    The course has met my objective to refresh knowledge about Capital Gains Tax and learned new things such as history of CGT, a full list of exempt items incl. chattels and recent CGT rates.

  18. Subash Tanna –

    It is relevant to my work, and will go towards my CPD requirement.

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