Name: Capital Gains Tax
Brand: National Residential Landlord Association
SKU: 1904755

Course description

Capital Gains Tax (CGT) can have an impact for landlords if it is not understood and managed. However, there are many reliefs and exemptions available every year which are lost if not used. This course will explain the theory behind CGT and how to mitigate it, and you will learn about reliefs, allowances and how to use and maximise them to mitigate or remove your tax liability. The trainer will use worked examples to illustrate the basic principles of calculating CGT including how the fractions work and formulas when a landlord has lived in a property before or after it has been let.

Suitability - Who should attend?

New landlords who need to understand tax obligations

Investment landlords

Landlords considering extending/reducing portfolio

Outcome / Qualification etc.

CPD Points Awarded 5 standard

Understand the basic concepts of CGT

Familiarise CGT jargon and terminology

Understand the key relationships between the other big beasts - Income Tax and IHT

Gain practical experience of CGT with scenario work – bring your calculators!

Understand the relationship between CGT and IHT

Ability to approach the method and calculation of CGT

How to reduce your CGT liability – timing is everything!

Awareness of available reliefs and exemptions to lower your tax bill

Training Course Content

Basic principles of CGT, including when a capital gain is triggered and when it must be reported

CGT calculations and clear worked examples modelling the method of 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 – timing is everything!

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

What happened to my gain when/if I incorporate?

How can I use my AEA every year? – are you wasting yours?

Expenses

Member Price: from £70, Non Member Price: from £84

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National Residential Landlord Association

Suite 323, The Tootal Buildings

Broadhurst House, 56 Oxford Street

M1 6EU Manchester

+443001316400

www.nrla.org.uk

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National Residential Landlord Association

NRLA Training Academy offer over 40 topics on running a successful lettings business suitable for landlords, letting agents and property managers. Our courses are written and delivered by experts in their field with many years teaching experience to ensure our...