Capital Gains Tax
Revised and up to date for 2024/25.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.
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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.
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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 tax
- Non-resident CGT charges
- Deductible costs
- Losses and main residences
- Utilising CGT losses
- 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
How it works
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Why not upgrade?Find the best way to complete your CPD | CourseNeed just a few unitshourshours? | Pick n MixAll you need for this year's CPD. | LicenceAll you need for this year and more. | TeamKeep your whole team up to date. |
|---|---|---|---|---|
| Access to this course | ||||
| Total CPD unitshourshours | 4 unitshourshours | 21 units20 hours21 hours | 1,500+ unitshourshours | 1,500+ unitshourshours |
| Access period | 120 days | 120 days | 12 months | 12+ months |
| Audit-proof CPD completion certificate | ||||
| Immediate access to our entire CPD catalogue | ||||
| Monthly webinars, 15-minute CPD Bites, video interviews with industry leaders, and more! | ||||
| Account manager on hand to support your team’s needs | ||||
| Learn more | Learn more | Learn more | ||
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Use ACPD101 for 10% off any purchase.