Professional Training

Capital Gains Tax

National Residential Landlord Association, Online (+1 locations)
Length
7 hours
Length
7 hours
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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
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    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

    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...

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