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Training Course Summary:

A course providing a comprehensive introduction to the statutory provisions for those who are new to capital gains tax as well as a review of the chief planning points arising on disposals. The course covers both business and non-business asset sales and concentrates on the computation of the gains arising on such disposals and maximising the available reliefs. The programme should interest anyone dealing with capital disposals whether on the planning or computational side.

Training Course Overview/Content:

The basis of the CGT charge
Chargeable occasions and persons
Residence issues and opportunities?
Chargeable and exempt assets
Important reliefs and exemptions
Elements of the computation
~ Consideration
~ Deductions
1982 rebasing and indexation reliefs
Taper relief – statute and computation
The special treatment of quoted shares
Maximising roll-over relief
Hold-over relief – problems and possibilities
Structuring disposals
~ Timing and pre-sale actions
~ Optimising reliefs
~ Alternative sale methods
~ Reducing the tax rate
Planning where and when gains arise
CGT deferral – the revised EIS & VCT regime
Planning points on business disposals