Introduction to Capital Gains Tax

In addition to your class tuition and study materials, you will receive the following:


Exercises

• Worked examples of how to calculate capital gains tax for both individuals and companies.
• Worked examples showing how to apply rollover relief and gift relief.

Other Extras

• Certificate of attendance

Level: Introductory


Synopsis:
Recent updates to capital gains tax legislation have changed the relief's that have traditionally been available.This course covers the recent updates surrounding capital gains tax. Comprehensive case studies will be covered in order to consolidate knowledge and understanding of the major updates.


At the end of the course participants will be able to: Understand how capital gains are calculated . Understand how to apply reliefs available . Demonstrate how capital losses are relieved . Understand the differences between how capital gains are taxed for companies and individuals .


Prerequisites:
None


Suitable For:
Accountants, solicitors, financial advisors and private wealth managers


Introduction

• Capital gains tax basics
• Residence and domicile rules

Calculation of capital gains tax for individuals

• Chargeable assets
• Chattles
• Part disposals
• Shares

Exemptions and reliefs for individuals

• Annual exemption
• Rollover relief
• Gift relief
• Principle private residence relief

Calculation of capital gains tax for companies

• Differences from individuals