Capital Gains & Inheritance Tax - Recent & Planned Changes

Overview of Key Changes

• The major revisions introduced by recent Finance Acts and the Autumn Budget 2024
  • Overview of tax policy trends: capital gains, inheritance tax, and domicile reforms
  • Significant thresholds, allowances, and reliefs adjusted
  • New anti-avoidance measures and reporting obligations
• Discussion on the practical scope and relevance of these changes for business owners, individuals, and legal practitioners
  • Comparison of old vs new regimes
  • Analysis of high-impact areas for SMEs, investors, landlords, and HNW individuals
• Practical Exercise Case Study: Analyse a client profile and highlight areas of exposure or benefit under the new legislation.

Business Asset Disposal Relief (BADR)

• Conditions that must be met to qualify for BADR
  • Trading status, shareholding, and employee/director involvement requirements
  • Qualifying business types and assets
• How to effectively make a claim and key deadlines
  • Time limits for claims
• Maximum relief amounts and how they apply in real-life cases
  • £1 million lifetime limit – practical implications
  • Example calculations: full relief vs partial relief outcomes
• Practice Point
  • Mini Exercise: Determine eligibility for BADR based on a given business scenario.
  • Discussion: Evidence required to prove “personal company” status

Proposed Abolition of the Furnished Holiday Let Tax Regime

• The government's reasoning behind the proposed changes
  • Perceived inequality and tax avoidance concerns
  • Housing supply and market distortion arguments
• Potential financial and strategic impact on current property owners and developers
  • Loss of capital allowances and business rate exemptions
  • Changes to CGT reliefs and mortgage interest deductions
• CGT Training Practice Point:
  • Case Study: Advising a client with a portfolio of FHLs on transition options (e.g., long-term letting, disposal strategies)
  • Group Discussion: Restructuring options – trust, company, or personal ownership.

Investors’ Relief

• Review of qualifying criteria for investors
  • Minimum holding period.
  • Type of shares and unlisted trading company criteria
• Updates following the Autumn Budget 2024
  • Restriction or abolition of the relief (if applicable)
  • Transitional relief considerations
• Practice Point:
  • Scenario Exercise: Apply relief to a timeline of share acquisition and sale.
  • Discussion: Weighing the Benefits of Investors’ Relief vs EIS

Residence Relief

• Definitions relevant to principal private residence claims
  • Periods of occupation deemed occupation, and absence rules
  • Impact of job-related accommodation
• Recent legislative changes affecting the disposals of main residences
  • Reduction in final exemption period
  • Lettings relief limitations
• Practice Point:
  • Exercise: Client timeline of property ownership—calculate allowable exemption
  • Discussion: Dealing with split occupancy and second homes

Abolition of Non-Dom Status (Effective 6 April 2025)

• Transition from the remittance basis to the proposed new residence-based regime
  • Four-year exemption period for new residents
  • Treatment of foreign income and gains
• Introduction of the Temporary Repatriation Facility (TRF)
  • One-time opportunity to remit foreign income at a reduced tax rate
  • Eligible periods and funds
• Implications for existing Income Tax and Capital Gains Tax structures
  • Impact on offshore trusts and corporate wrappers
  • Planning considerations for income streaming and remittances
• Practice Point:
  • Case Study: Transition planning for a long-term Non-Dom client with significant offshore income
  • Discussion: How legal professionals can support clients with foreign asset declarations in litigation

Inheritance Tax (IHT) Updates

• Changes to the Residence Nil-Rate Band (RNRB) and conditions for eligibility
  • Tapering thresholds and downsizing provisions
  • Impact of trust-held property
• Overview and strategic application of Business Property Relief (BPR) and Agricultural Property Relief (APR)
  • Qualifying assets and business activity tests
  • Pitfalls in claiming relief – e.g., non-trading assets, development land.
• Introduction of new payment options and instalment provisions effective from 6 April 2026
  • Enhanced spreading of IHT liability

• Inheritance Tax Training Practice Point:
  • Scenario Planning: Construct an IHT-efficient estate plan for a farming family
  • Exercise: Audit a client's will and assets for missed relief opportunities

Conclusion and Q&A

• This capital gains tax training ends with a summary of key legislative changes and practical takeaways
  • Recap of client types most affected.
  • Top compliance risks and planning opportunities
• Open Q&A to clarify technical points and real-world applications
  • Interactive discussion with participant-submitted questions

Redcliffe Training’s CGT course is delivered by a trainer who has over 17 years of experience in the investment banking sector, specialising in finance, taxation, and strategic advisory.

She transitioned into private practice and worked as a dedicated tax consultant, both independently and in partnership with diverse organisations on a contractual basis. In this role, she leveraged her extensive industry background to provide comprehensive tax advice, from strategic planning and compliance to in-depth analysis of complex regulations, ensuring businesses, individuals, and trusts remain compliant while optimising their financial outcomes.

Throughout her consultancy career, she has advised clients on structuring transactions, managing cross-border tax obligations.

Sara’s approach involves assessing each client’s unique requirements and delivering tailored solutions that address their immediate and long-term objectives. She has collaborated with multidisciplinary teams, integrating legal, financial, and operational insights to develop strategies that minimise risk and capitalise on emerging opportunities.

She has a strong passion for training and shares her expertise through informative, interactive sessions designed to empower participants with practical skills, especially when it comes to her CGT courses. By incorporating real-world scenarios into training programmes, she encourages open dialogue, fostering critical thinking, and helping professionals gain confidence in applying tax concepts to their day-to-day operations.

Ultimately, her mission is to equip you with the knowledge and strategies you need to thrive in an evolving tax landscape.

• This Capital Gains Tax and Inheritance Tax course provides a timely update on essential CGT reliefs—particularly Business Asset Disposal Relief, and the forthcoming changes to Agricultural Property Relief and Business Property Relief set for April 2026.
• Delegates will gain critical insights into the potential planning challenges and pitfalls arising from the abolition of non-dom status, ensuring they are equipped to advise clients and structure transactions effectively under the latest tax regulations.

• By blending practical number-based examples, cutting-edge legislative updates, and expert guidance on common tax pitfalls, this course is an in-depth, actionable resource for anyone seeking to master the complexities of recent changes in Capital Gains Tax, Inheritance Tax, and Non-Dom.

Capital gains tax courses at Redcliffe are a ‘must-know’ for:

• Legal and Estate Planning Professionals: Solicitors, estate planners, and wealth managers aiming to stay informed on up-to-date capital gains and inheritance tax regulations, as well as the abolition of non-dom status, to better advise their clients.
• Accountants, Tax Advisors, and Financial Professionals: Practitioners who handle client or organisational tax matters, seeking a thorough grasp of the latest legislation and practical techniques for optimal tax planning.
• Business Owners and Directors: Individuals responsible for strategic decisions in SMEs or large corporations, who need to understand the impact of capital gains tax, inheritance tax, and non-dom reforms on their business transactions and succession plans.

Redcliffe’s CGT course will provide you with a clear, practical understanding of Capital Gains Tax, Inheritance Tax, and recent changes on Non–Dom, enabling businesses and individuals to identify potential tax liabilities and minimise them.

By examining up-to-date legislative changes and practical guidance, you will develop a robust understanding of when and how CGT, IHT, and the abolition of Non-dom status, introduced under recent reforms, will apply.

By the end of this course you will know how to structure transactions efficiently and what reliefs or exemptions might be available. This ensures decision-makers are equipped with the tools to plan, reduce errors, and avoid unnecessary tax exposure.