Course Details

Capital Gains Tax (CGT) typically affects individuals and businesses who are looking to dispose of something that could be considered an ‘appreciating asset’. As with any tax, careful and proactive planning is often the key to minimising liabilities, and with CGT in particular timing is often paramount. The OBR estimates that CGT will raise £15.2 billion (0.5% of national income) in 2024/25, which equates to £530 per household. Considering that CGT is likely to be a target for the new administration in the upcoming Autumn Budget, the impact of any significant changes to policy is bound to be felt far and wide. This presentation covers the most common strategies that can be used to minimise CGT liabilities, and how these are impacted by any announcements in the Chancellor’s Budget, giving you a clear idea of how to move forward with tax planning in the months ahead.

 

In this session, we discuss the importance of timely and thorough planning when it comes to CGT, considering the large sums of money often involved. We discuss the outcome of the Autumn Budget in relation to CGT, and what any announcements mean for planning already undertaken and moving forward.

 

  • The importance of proactive planning in respect of CGT
  • Common CGT planning strategies, including use of reliefs
  • The outcome of the Autumn Budget and how this will influence planning and liabilities moving forward (as well as planning already undertaken), for both private clients and businesses
  • Practicalities of communicating changes to clients and identifying those most significantly impacted
  • Key considerations when it comes to mitigating the effects of the Budget and how to match strategy to circumstance

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CPD Course Speaker

George Hay Chartered Accountants

Barry Jefferd

Barry Jefferd is the Taxation Partner at George Hay Chartered Accountants. He is a Chartered Accountant, Chartered Tax Adviser and member of the Society of Trust and Estate Practitioners.

He advises on the complete range of taxes, with a particular interest in Capital Gains Tax, Inheritance Tax, and property and land transactions. Barry lectures widely on taxation on behalf of Taxation Institutes who are providing training for other professionals and is the co-author of two publications; Tax planning, a joint publication between the UK200 Group and the Daily Telegraph, and the Innovation Handbook, endorsed by the Intellectual Property Office.

He is an expert in Share and Business Valuations and has appeared in both the High and County Courts as an expert witness. Barry was also one of the first accountants in the country to pass the Institute of Chartered Accountants in England and Wales’ probate qualification. He is now director of GH Probate Ltd, our company providing probate services, and also a director of GH Wills Ltd, our company providing Will writing services.

As well as his services to clients, Barry offers a tax consultancy service for smaller practices throughout the UK, as well as advising on one off tax problems for other accountants and taxpayers.

He is currently Vice President of the Association of Tax Technicians (ATT), the country’s leading professional body dealing with tax compliance.