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Capital gains tax - articles

Features and articles from ICAEW related to capital gains tax (CGT) in the UK personal tax regime.

Displaying 1-30 of 53 results
INSIGHTS VIEWPOINT Budget: Further changes made to CGT, IHT and residence rules
  • Nov 2025
  • ICAEW Insights
The Chancellor announced a number of changes to capital gains tax (CGT), inheritance tax (IHT) and the residence-based tax regime , including a change in the rules for disposals to employee ownership trusts (EOTs), effective immediately.
INSIGHTS VIEWPOINT Claiming relief for a trade loss
  • Nov 2025
  • ICAEW Insights
ICAEW’s Tax Faculty explains the options for claiming relief for a loss made by an individual in their trade and how to give effect to the claim in a tax return.
INSIGHTS VIEWPOINT CGT tips for 2024/25 tax returns
  • Oct 2025
  • ICAEW Insights
Avoid errors on 2024/25 self assessment (SA) tax returns with three tips from ICAEW’s Tax Faculty on reporting capital gains and losses and paying capital gains tax (CGT).
INSIGHTS VIEWPOINT Taxpayers reminded of CGT 60-day reporting requirement
  • Sep 2025
  • ICAEW Insights
HMRC will contact taxpayers to remind them of the obligation to report the disposal of a UK residential property within 60 days of completion where HMRC holds information that suggests a return may be required.
INSIGHTS VIEWPOINT In-year CGT rate changes cause tax return errors
  • Aug 2025
  • ICAEW Insights
HMRC is writing to taxpayers who have submitted their self assessment (SA) tax return for 2024/25 and may have failed to apply the correct rate of capital gains tax (CGT) on disposals made on or after 30 October 2024.
INSIGHTS VIEWPOINT Landlords advised not to use tax avoidance scheme
  • May 2025
  • ICAEW Insights
HMRC has warned against the use of a capital gains tax (CGT) avoidance scheme that involves an individual transferring their property business to a limited liability partnership (LLP), which is then put into members’ voluntary liquidation (MVL).
INSIGHTS VIEWPOINT CGT adjustment may be needed to 2024/25 tax returns
  • Mar 2025
  • ICAEW Insights
HMRC has published a calculator to work out the adjustment that may be needed to the 2024/25 self assessment tax return as a result of the in-year change to the main rates of capital gains tax (CGT).
INSIGHTS VIEWPOINT HMRC will not accept some in-year trust and estate tax returns
  • Feb 2025
  • ICAEW Insights
Due to the change in the rate of capital gains tax (CGT) from 30 October 2024, trustees and personal representatives (PRs) may need to wait until after the end of the tax year to submit 2024/25 tax returns.
TAX FACULTY Tax news in brief 18 December 2024
  • Dec 2024
  • ICAEW Insights
Highlights from the broader tax news for the week ending 18 December 2024, including: HMRC campaigns relating to capital gains tax (CGT) reliefs; an update to the list of shares of negligible value; and a date for the diary for 2025.
INSIGHTS VIEWPOINT ICAEW comments on Finance Bill 2024-25
  • Dec 2024
  • ICAEW Insights
ICAEW’s Tax Faculty monitors the progress of Finance Bill 2024-25 and sets out its concerns regarding some aspects of the legislation, including the impact of the mid-year changes to rates of capital gains tax (CGT) on tax returns.
Exclusive TAX FACULTY The tax benefits of employee ownership trusts
  • Dec 2024
  • Nick Wright
  • Taxline
In the second of two articles on employee ownership trusts (EOTs), Nick Wright explores the capital gains tax exemption for the shareholders of the trading company and the income tax exemption for employees receiving bonuses.
INSIGHTS VIEWPOINT CGT and SDLT rates increased in Budget
  • Oct 2024
  • ICAEW Insights
From 30 October 2024, the main rates of capital gains tax (CGT) will be increased to 18% and 24%. The 10% rate of CGT for disposals attracting business asset disposal relief (BADR) will increase to 14% (from April 2025) and to 18% (from April 2026).
INSIGHTS VIEWPOINT Need to know: CGT on residential properties
  • Jul 2024
  • ICAEW Insights
Reductions in the tax-free amount mean more taxpayers will find themselves caught in the capital gains tax net. We look at the issues to be aware of, including 60-day reporting and recent developments relating to principal private residence relief.
Exclusive TAX FACULTY CGT on residential properties – an update
  • Jul 2024
  • Gillian Banks
  • Taxline
More taxpayers will find themselves caught in the capital gains tax net due to reductions in the tax-free amount. Gillian Banks looks at the demands of 60-day reporting and provides an update on recent developments relating to principal private residence relief.
INSIGHTS VIEWPOINT TECHNICAL ROUND UP Technical round-up: June 2024
  • Jun 2024
  • ICAEW Insights
This month’s top stories include an explainer on the basis period reform, a summary of the key tax policies from the main parties’ general election 2024 manifestos; and HMRC reminds taxpayers about roll-over relief claims.
INSIGHTS VIEWPOINT HMRC reminds taxpayers about roll-over relief claims
  • May 2024
  • ICAEW Insights
HMRC is writing to taxpayers who made a provisional claim for business asset roll-over relief (ROR) and have not yet made a valid claim.
INSIGHTS VIEWPOINT Consider using the real-time CGT service to report gains
  • Apr 2024
  • ICAEW Insights
ICAEW’s Tax Faculty is reminding taxpayers that HMRC's real-time service can be used to report capital gains outside of self assessment, including gains on cryptoassets.
FACULTIES ONLINE TAX FACULTY TAX NEWS Government consults on tax simplification for alternative finance
  • Jan 2024
  • ICAEW
The government has proposed changing the capital gains tax (CGT) rules to ensure that alternative finance arrangements are taxed in the same way as other arrangements.
FACULTIES ONLINE TAX FACULTY TAX NEWS Self assessment tax returns for cryptoasset holders
  • Jan 2024
  • ICAEW
Individuals who received, sold or exchanged cryptoassets may be subject to income tax or capital gains tax (CGT) that should be reported on a self assessment tax return, due by 31 January 2024.
Tax news in brief 23 November 2023
  • Nov 2023
Highlights from the broader tax news for the week ending 23 November 2023, including: VAT on local authority supplies of sporting services; reclaiming tax paid on loans to participators; income record viewer update; and gift holdover relief claims.
Exclusive TAX FACULTY The substantial shareholding exemption and degrouping charges
  • Nov 2023
  • ICAEW
  • Taxline
Peter Rayney examines the vexatious ‘M Group Holdings’ degrouping gains case and considers how companies could avoid the pitfalls.
CONSTRUCTION AND REAL ESTATE COMMUNITY Tax cut possible, says IFS expert
  • Nov 2023
  • Helen Miller
Despite Chancellor Jeremy Hunt saying it will be “virtually impossible” to cut taxes until the economic outlook improves, the deputy director and head of tax at the Institute for Fiscal Studies says it remains possible for individual taxes to be cut as early as the Autumn Statement. Writing in the Daily Telegraph, Helen Miller said individual measures could be considered, such as reforming stamp duty, council tax, or increasing taxes on capital gains.
Exclusive FARMING AND RURAL BUSINESS COMMUNITY Development land tax pitfalls – deferred consideration
  • Oct 2023
  • Julie Butler
  • Farming and Rural Business Community News
Despite all the news about the housing sector slowing down, the demand for farmland for development has remained strong, with reduced profit margins due to costs. Tax on the sale of land for development can be very complicated. In most cases the gain on the sale of land should be chargeable to capital gains tax (CGT) but in some cases the profit can be charged to income tax and this takes considerable planning in advance.
Exclusive FARMING AND RURAL BUSINESS COMMUNITY Applying for extension of Business Asset Rollover Relief reinvestment limits in practice
  • Oct 2023
  • Ben Allman
  • Farming and Rural Business Community News
The reinvestment time limits are set out in s152 (3) TCGA 1992, which requires the new asset to be acquired in the period beginning 12 months before and ending 3 years after the disposal of the old assets or such earlier or later time as the Board may by notice allow.
FACULTIES ONLINE TAX FACULTY TAX NEWS Overpayments of CGT following self assessment
  • Mar 2023
  • ICAEW
Self assessment tax return filers who have also submitted a capital gains tax (CGT) UK property return may end up in an overpayment position. ICAEW’s Tax Faculty recaps the process for claiming a CGT repayment.
INSIGHTS VIEWPOINT Capital gains tax considerations for landlords
  • Mar 2023
  • ICAEW Insights
Landlords may be selling to benefit from the CGT annual exempt amount before it falls, or market conditions may be forcing a sale, but they must be prepared to meet their CGT compliance obligations, Gillian Banks advises.
FACULTIES ONLINE TAX FACULTY TAX NEWS Paper return for UK property CGT reporting available for download
  • Feb 2023
  • ICAEW
The capital gains tax on UK property (CGT PPD) return has been published on HMRC’s website. Those submitting paper returns can now download the form instead of having to request it from HMRC by phone.
Exclusive TAX FACULTY FACULTIES ONLINE Making the most of capital losses
  • Feb 2023
  • Mei Lim Cooper, Technical Manager, Personal Tax, ICAEW
  • Taxline
The end of the tax year is approaching. A reduction to the capital gains tax annual exempt amount is imminent. This may be a good time for taxpayers to take stock of available capital losses, and ensure they have been claimed, says Mei Lim Cooper.
Exclusive TAX FACULTY FACULTIES ONLINE Entrepreneurs’ relief
  • Dec 2022
  • Mei Lim Cooper
  • Taxline
How long must a qualifying beneficiary have an interest in possession for a trust to qualify for entrepreneurs’ relief on a disposal of trust business assets?
FACULTIES ONLINE TAX FACULTY TAX NEWS Autumn Statement: Threshold freezes create stealth tax increases
  • Nov 2022
  • ICAEW
The Chancellor has confirmed that headline rates of income tax and capital gains tax (CGT) will remain at their current levels. However, there were various reductions in key thresholds and allowances, and several others were frozen for longer than previously announced.
Displaying 1-30 of 53 results
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