Webinar | Capital Gains Tax and the new regime for reporting and paying property tax - 22 July 2020

Events

Overview

Join us for the first in a new series of webinars on personal and private client taxes, which will offer useful insight into how and when the new capital gains tax regime for residential property will apply.

For many disposals of residential property reporting of the gain made and the tax payable will need to be actioned within 30 days. Leaving the reporting and payment of tax until the following 31 January may no longer be possible.

Our private client and personal tax experts Miya King, Morag Watson and Tom Lacey, will focus on how the capital gains regime for the disposal of residential property will impact on when taxes need to be paid and the reporting required.


Topics

In this session, our experts will:

  • Outline what is and what is not residential property for the new rules.
  • Provide details of the mechanics of the 30 day reporting regime and how to be prepared for them.
  • Explain the new rules for computing the capital gains with the aid of example calculations.
  • The importance of the timing of transactions to minimise the payment of tax under the 30 day reporting rules.
  • The changes to main residence relief from 6 April 2020 and when a disposal may not qualify as a main residence.

This webinar will run for an hour and following the session, there will be the opportunity to ask our panel questions.

If you have any questions you would like to pose to our speakers in advance of the session, please email webinars@baldwinsgroup.com.

If you would like to join our webinar, please register here or click on the button below. If you have issues accessing our webinar, please contact Leanne Green.

Join our webinar


Webinar Details

Date
Wednesday 22 July 2020

Format and timings
12:30pm Start
13:30pm Finish
(There will be a Q&A session)

Link to Webinar
Register here


We are here to help

In the meantime, if you would like to discuss the webinar topic or would like to arrange a call with a member of the team to discuss the impact of the current economic climate on your personal taxes, please get in touch with a member of our Personal and Private Client tax team or your local Wilkins Kennedy contact


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