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Capital Gains Tax and Inheritance Tax

2 Part Course  |  Update, Tax Planning and Tax Traps

Capital Gains Tax and Inheritance Tax Training Course

A one-day course presented in two half-day live webinars

Video Overview

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and meet your trainer.

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  • The Trainer is a Chartered Accountant with over 30 years’ experience in tax training
  • The course includes discussion of a wide range of tax cases in this area
  • There are many numbers-based practical examples to aid understanding of potential tax exposure
  • Tax tips and traps are highlighted throughout
  • All relevant issues from the Finance Act 2022 will be covered

This course will bring delegates up-to-date on:
  • The key capital gains tax (CGT) reliefs, particularly
    • Business asset disposal relief
    • Main residence relief
  • The CGT charges and reporting requirements related to the disposal of UK residential property and (for non-residents) other UK land and buildings
  • The impact on Will planning of the inheritance tax (IHT) residential nil rate band and ‘downsizing’ provisions
  • The latest developments in the business reliefs for IHT
  • The key CGT and IHT planning points and problems arising from the new ‘deemed domicile’ rules
  • Recent case law, HMRC guidance and other developments

Part One

CGT

  • Business asset disposal relief
    • Key changes in recent Finance Acts
      • Minimum ownership period
      • Qualifying shares
      • Elections to avoid dilution issues
      • Reduction of lifetime limit
    • Traps to avoid and key cases
  • Private residence relief
    • Finance Act 2020 changes, including
      • Deemed occupation
      • Letting relief effectively abolished in most circumstances
      • Inter-spousal transfers
    • The importance of ‘occupation’ and the evidence HMRC will require
    • Review of recent cases
  • Non-residents
    • The anti-avoidance for ‘temporary non-residents’
    • CGT charges on disposal of UK land and buildings
      • When it applies
      • Compliance and computation issues
    • The 60-day reporting and payment rules for UK residents disposing of UK residential property

Part Two

Inheritance tax

  • Review of key IHT principles, including the importance of domicile status
  • Will planning
    • Transferable nil rate band
    • Use of trusts
    • Deeds of variation
  • Understanding the residence nil rate band
    • When it is available
    • Transferability between spouses / civil partners
    • The complex ‘downsizing’ provisions
  • Business Property Relief (BPR) and Agricultural Property Relief (APR)
    • Main conditions
    • Problems with cash-rich businesses or those deriving value from L&B
    • Partnership structures and why they sometimes don’t work
    • Pre-death planning
    • Recent cases
  • FA 2020 changes to ‘excluded property’ rules
  • Key planning points for CGT and IHT from the F(No.2)A 2017 ‘deemed domicile’ rules

The trainer is a Chartered Accountant who qualified with PwC in 1988, spending his last 18 months there in the Corporate Tax department.

In 1989 he joined a leading financial training company as a tax tutor, teaching final level candidates for the ICAEW and ACCA examinations. Since 1992, he has been self-employed as a Professional Tutor and Training Consultant, specialising in tax update courses for accountants, lawyers and investment managers.

He has been teaching in the financial services industry since 1994. Although he concentrates on the professional development market these days, he is very experienced in teaching stock brokers, fund managers and financial advisors for their various regulatory examinations.

As a result, he is a tax specialist with (unusually) a very rounded knowledge of financial services products and markets. In 2012 this led to him undertaking Gapfill courses for the CISI.

He is a regular contributor to Taxation magazine and speaks at regional conferences of the ICAEW and CIOT.

This lecture will look at both capital gains tax (CGT) and inheritance tax (IHT). It will update you on the changes that have taken place in recent years and also review many cases, to demonstrate some of the practical problems that you may come across. Throughout, emphasis will be given to traps that can catch out the unwary.

The course will look at many ways for you to save your client tax; these generally involve having a good understanding of what are often detailed rules and, crucially, planning well in advance of a disposal or transfer.

  • Very good instructor, engaging and very good at explaining sometimes complex topics
  • Very thorough, easy to understand layout. Examples were very helpful to understand the technical aspects.
Number of places:
Part 1
Number of places:
Part 2

£695.00

Per participant per part
Discounts available for multiple place booking find out more
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