While Capital Gains Tax (CGT) can be a significant cost for landlords, there are many reliefs and exemptions available due to its numerous quirks – and careful planning can save you thousands of pounds.
This eClassroom course is designed to guide you through the basic principles of CGT, including when a capital gain is triggered and when it must be reported, and is suitable for new landlords who want to find out more about their tax obligations, investment landlords and those landlords considering extending or reducing their portfolio.
The course will include:
- CGT calculations and clear worked examples, outlining how to calculate your CGT
- Scenario work and formulas for calculating CGT for landlords who have lived in a property before or after letting it out
- The relationship between Income Tax and CGT
- Deductible expenditure including how to manage these as a new landlord
- Reliefs, exemptions and allowances
- Strategies for mitigating CGT including succession planning options
- The key conceptual relationship between CGT and IHT
- The considerations of avoidance as to evasion in tax planning
It will also address the questions:
- What happened to my gain when/if I incorporate?
- How can I use my Annual Exexmpt Amount every year? – are you wasting yours?
More information
The course costs £140 for NRLA members and £175 for non-members and is worth five CPD points.
Points can help towards or maintain your accreditation with the NRLA. Find out more by clicking here.
The next eClassroom courses, will run from 9.30pm-4.30pm and will be held on:
- Friday 12th January 2024
- Thursday 22nd February 2024
- Thursday 7th March 2024
For further details on the Capital Gains Tax course, and to book click here.
Please note due to copyright law a pack of the key slides will be made available after the course. The eClassroom course format is not recorded for the same reason.