Capital Gains Tax - 2022 Virtual Conference

Introduction

This annual conference examines a range of currently topical subjects ranging from BADR to reporting gains in 2022.

Chaired by Pete Miller, with a panel of leading law experts, this virtual conference is an essential event for practitioners dealing with CGT.

What You Will Learn

This conference will cover the following topics:

9.30am - 10.30am: Reporting Gains in 2022

• How gains were historically reported
• Changes made in 2020 and the problems with these
• Changes made in 2021
• Implications for UK resident taxpayers (residential and non residential disposals)
• Implications for non UK resident taxpayers (residential and non residential disposals)

10.30am - 11.30am: Jointly Owned Assets, Connected Persons and No-gain No-loss Transactions

• How jointly owned asset disposals are dealt with
• Who is a connected person for CGT and the implications of a disposal to one
• Losses to connected persons
• The no-gain no-loss rule and who it applies to
• The impact of separation and divorce on connected persons and no-gain no-loss rules

Morning break for refreshments

• Brief review of the relief
• Meaning of ‘activity’: Potter and Assem Allam reviewed
• Scope of elections under sections 169Q and 169R TCGA 1992
• What is a material disposal of business assets? Christopher Thompson reviewed

12.45pm - 1.00pm: Questions on Morning Session

• Finance Act 2020 changes
• Final period exemption
• Lettings relief
• Spouse/civil partners
• Delay in taking up residence
• Meaning of 'residence' and recent tax tribunal cases
• Gardens/grounds
• OTS recommendations for simplification
• Residential property reporting and payment latest

3.00pm - 4.00pm: Selling to an Employee Ownership Trust

• Brief background to employee ownership
• Qualifying conditions
• Disqualifying events
• The future

4.00pm - Close: Chair's Closing Summary and Questions & Answers

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.