CGT and residential property

Although not strictly part of their remit, many conveyancers are expected to advise on capital gains tax when it is reasonably incidental to a matter. Therefore, all conveyancers must have an understanding of CGT, if only to know when to refer a client for specialist advice.

This webinar provides an outline of the basics including:

• The basic principles of capital gains tax
• CGT rates and allowances
• Rules relating to gifts
• Notifying HMRC and paying tax
• The importance of defining the retainer
• The reliefs available for sales of residential property
• Circumstances in which specialist advice may be necessary
• The guidance available from HMRC and the Law Society