Tolley's Capital Gains Tax 2019-20

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Commentary

Tolley's Capital Gains Tax provides the definitive, yet straightforward, concise account of the law and practice relating to this complex tax. Corporation tax on chargeable gains is also fully covered. The practical alphabetical presentation and extensive cross-referencing between chapters, backed up by full details of source materials, will lead directly to all the information the tax practitioner requires. Copious worked examples provide further clarification on the more complex points.

UPDATE INFORMATION

Up-to-date to 15 September 2019, Tolley's Capital Gains Tax 2019-20 includes:

  • Full coverage of Finance Act 2019

  • New charge to capital gains tax and corporation tax on disposals by non-UK residents of UK land and indirect interest in UK land

  • Changes to entrepreneurs relief, including extension of the minimum holding period and restrictions on the meaning of personal company

  • New rules to retain the benefit of entrepreneurs relief which would otherwise become unavailable because a company ceases to be an individuals personal company as a result of the issue of additional shares

  • New CGT exit charge payment plans to defer payment of CGT arising where a trust ceases to be UK-resident or where assets cease to be used for a non-resident individuals UK branch or agency

  • Extension of the time limit for making capital gains tax assessments involving offshore transfers or offshore matters to twelve years after the tax year

  • Latest Tribunal and Court decisions and HMRC publications