Capital Gains Tax

A clear and accessible reference work for both the day-to-day essentials and the more difficult areas tax practitioners come across.

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About this work

Clear commentary, at an intermediate to high level, on the CGT issues faced by tax practitioners, including (for example) main residence relief, business asset disposal relief, partnerships, deceased estates, and much more. Illustrated throughout with up-to-date examples.

The book shares the clarity and ease of use that is a feature of our more specialist titles. The logical table of contents makes it easy for readers to find what they are after.

Includes computations, CGT reliefs, rules affecting particular taxpayers, trusts and estates, residence issues, etc.

“Anyone engaged in private client work will appreciate having this book on their shelf as a useful reminder of the many issues arising on handling assets for clients of all sorts.”– Gill Steel, LawSkills

Table of contents

• General information
• Introduction
• CGT administration and compliance
• Computations
• Land
• Shares and securities
• Other assets
• Business asset disposal relief  [expanded by way of example]
  • Introduction
  • Material disposal of business assets
  • Qualifying shareholders
  • Qualifying companies
  • Associated disposals
  • Share exchanges
  • Sole traders – disposal of whole or part of the business
  • Sole traders – post-cessation disposals
  • Partnerships
  • Trustees
  • Interactions with other reliefs
  • Other considerations
• Investors’ relief
• Private residence relief [expanded by way of example]
  • First principles
  • Operation of the relief
  • More than one property
  • Lettings relief
  • Grounds, gardens and ancillary buildings
  • Divorce and dissolution of marriages and civil partnerships
  • Restrictions on relief
  • Pitfalls and planning points
• Relief under the venture capital schemes
• Replacement of business assets (rollover relief)
• Holdover relief
• Incorporation of a business
• Other reliefs
• Trusts and settlements
• Deceased estates
• Partnerships
• Non-resident capital gains tax
• Taxation of foreign gains
• Appendices