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Capital Gains Tax - Fundamentals


26 March 2024
IHT receipts increased in February, and are up overall for the year to date
Details of IHT receipts for February 2024, the tax year to date and for the last 12 months

26 February 2024
CGT on UK property - a few quite interesting points
Taxpayers who have sold a property, which was not their main residence, must file a capital gains tax (CGT) return within 60 days of completion if a chargeable gain arises. However, there are some interesting rules that could catch taxpayers out

04 January 2024
Property CGT case where a separated taxpayer was not liable for CGT on joint property
A FTT case where it was found that a taxpayer who separated from her husband no longer held any beneficial interest in the pair’s joint property. Why paperwork is key

22 December 2023
Property CGT case lost by taxpayer at FTT
A FTT decision, in which a taxpayer lost their appeal after a judge discovered the nine cases the taxpayer cited in her defence didn’t exist and had been generated by an artificial intelligence-powered chatbot

12 December 2023
Case won by taxpayer at FTT re a series of renovated properties
A FTT decision, which overturned income tax and CGT charges on three renovations in five years

24 November 2023
Government confirm amendments to the tax rules applying to Real Estate Investment Trusts (REITs)
Legislation to implement changes to the REIT regime, published in draft in July, which it was confirmed in the Autumn Statement will be included in Autumn Finance Bill

16 November 2023
Capital gains tax on exit from the trust
CGT on termination of life interest, absolute entitlement or sub-fund election

12 October 2023
CGT on UK property - an update on paper returns
HMRC’s update on the use of paper returns for taxpayers who have sold a property which was not their main residence, who must file a capital gains tax (CGT) return within 60 days of completion if a chargeable gain arises

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