CGT Practical Update (Oct 24)
Category: Tax | Duration: 2hrs | Tag: VODCPDFUK24D3S2 | Type: Video | Course Level: Intermediate | Speaker: Barry Jefferd | Date: 31/10/2024 12:00
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
CPD Course Speaker
George Hay Chartered Accountants
Barry Jefferd
Barry Jefferd is the Taxation Partner at George Hay Chartered Accountants, a successful regional accountancy firm with offices in Cambridgeshire, Bedfordshire and Hertfordshire.
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, and he lectures widely on behalf of Taxation Institutes who are providing training for other professionals.
Barry was one of the first accountants in the country to pass the Institute of Chartered Accountants in England and Wales’ probate qualification, and now heads up GH Probate Ltd – the probate division of George Hay – which has been providing non-contentious probate services for over 10 years.
He also supports other accountancy firms with probate services for their clients, where they may not offer the service themselves or otherwise require specialist advice.
He is also a director of GH Wills Ltd, George Hay’s division providing bespoke Will writing services.
Barry 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.
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 Deputy President of the Association of Tax Technicians (ATT), the country’s leading professional body dealing with tax compliance.
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, and he lectures widely on behalf of Taxation Institutes who are providing training for other professionals.
Barry was one of the first accountants in the country to pass the Institute of Chartered Accountants in England and Wales’ probate qualification, and now heads up GH Probate Ltd – the probate division of George Hay – which has been providing non-contentious probate services for over 10 years.
He also supports other accountancy firms with probate services for their clients, where they may not offer the service themselves or otherwise require specialist advice.
He is also a director of GH Wills Ltd, George Hay’s division providing bespoke Will writing services.
Barry 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.
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 Deputy President of the Association of Tax Technicians (ATT), the country’s leading professional body dealing with tax compliance.