Tips and Tricks for Managing ‘60-Day’ Reporting for CGT (Feb 24)
Category: Tax | Duration: 1hr | Tag: VODUK2411 | Type: Video | Course Level: Intermediate | Speaker: Helen Thornley | Date: 20/02/2024 10:00
Course Details
UK residents disposing of residential property in the UK are required to calculate, report and pay any Capital Gains Tax (CGT) arising within 60 days of the completion of the sale. This ‘in-year’ reporting requirement primarily, but not exclusively, affects landlords and second home owners and there can be significant penalties if this deadline is missed. This session will cover all the aspects that advisers need to know about how the rules work and many of the tips and tricks needed to survive the process learned from working with ATT members and HMRC.
Helen Thornley covers the following topics during this course:
- A quick refresher of the rules as they apply to UK residents.
- The interaction between 60-day reporting and self-assessment, including the magic window when a property report isn’t needed.
- Tips and tricks for managing the process, including when you can use a paper return and how and when to amend a property report.
- What to do if a property report is missed.
- Where to find help and guidance when things go wrong.
CPD Course Speaker
ATT
Helen Thornley
Helen is a technical officer with the Association of Taxation Technicians (ATT) where her role includes looking at the latest changes in tax policy and working with HMRC on developments and improvements to their systems and processes.
Helen’s background is in personal tax, and prior to joining the ATT she worked in the north of England advising family businesses and high net worth individuals. Helen writes for publications including Tax Adviser, AccountingWEB, Accountancy Age and Taxation magazine.
She has appeared on BBC Radio 4's Money Box Live and BBC Radio 5 Live's Wake up to Money in addition to many local radio stations and been quoted in the Financial Times, Times, Telegraph and Guardian. Helen is also a member of the CIOT, ICAEW and STEP (Society of Trust and Estate Practitioners).
Helen’s background is in personal tax, and prior to joining the ATT she worked in the north of England advising family businesses and high net worth individuals. Helen writes for publications including Tax Adviser, AccountingWEB, Accountancy Age and Taxation magazine.
She has appeared on BBC Radio 4's Money Box Live and BBC Radio 5 Live's Wake up to Money in addition to many local radio stations and been quoted in the Financial Times, Times, Telegraph and Guardian. Helen is also a member of the CIOT, ICAEW and STEP (Society of Trust and Estate Practitioners).