Course Details

The Capital Gains Tax (‘CGT’) annual exemption has fallen dramatically from £12,300 in 2022/23 to just £3,000 in 2024/25. This has major implications for tax planning, reporting, and practice workload, with tens of thousands more taxpayers being caught in the CGT net. In this course, we look at the issues practitioners need to be aware of to enable them to advise clients on other ways to mitigate their CGT bills, and prepare for the additional workload coming their way.

 

Carl Bayley covers the following topics during this course:

 

  • A brief recap of the current CGT regime, including reporting requirements.
  • Maximising the deductible base cost: what is allowable?
  • Base cost quirks to watch out for
  • CGT reliefs: savings and deferrals
  • Practical tips on calculating CGT for clients.

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CPD Course Speaker

BSc FCA, Author and Presenter

Carl Bayley

Carl Bayley is the author of a series of ‘Plain English’ tax guides designed specifically for the layperson and the non-specialist (available from www.taxcafe.co.uk). His particular speciality is his ability to take the weird, complex world of taxation and set it out in the kind of clear, straightforward language taxpayers themselves can understand. Carl takes the same approach when speaking on taxation, a role he frequently undertakes with great enthusiasm, including his highly acclaimed annual ‘Budget Breakfast’. He has spoken on taxation on radio and television, including the BBC’s ‘It’s Your Money’ programme and BBC Radio 2’s Jeremy Vine Show.

Carl is a past chairman of the Tax Faculty of the ICAEW and former member of the institute’s governing Council and Board. Aside from his tax books, Carl is an avid creative writer and is looking forward to the publication of his first novel, Trinity of Souls, in January 2024. When he isn’t working, he takes on the equally taxing challenges of hill walking and horse riding: his Munro tally is now 106 and, while he remains a novice rider, his progress is cantering along nicely.

Carl lives in the Scottish Borders, where he enjoys spending time with his partner Linda. He has three children, and his first grandchild arrived in April 2021