CGT—reliefs
CGT—reliefs

The following Private Client practice note provides comprehensive and up to date legal information covering:

  • CGT—reliefs
  • CGT reliefs most relevant to Private Client
  • Principal private residence relief
  • Entrepreneurs' relief
  • Investors' relief
  • Hold-over relief
  • Business asset roll-over relief
  • Conditions to be satisfied
  • What is a trade for the purposes of roll-over relief?
  • How to claim the relief
  • More...

FORTHCOMING CHANGE: The fifth anti-money laundering directive (5MLD) was published in the EU Official Journal on 19 June 2018 and came into force on 9 July 2018. The directive introduces broader access to information on beneficial ownership of companies and trusts, and tighter controls on certain transactions. In particular, all express trusts (not just those with a UK tax liability in a particular tax year) need to be registered either with the Trusts Registration Service (TRS) or other registration services under the extended rules. The directive must be transposed into national laws by 10 January 2020. The government ran a consultation from 15 April to 10 June 2019, seeking views on the transposition of 5MLD into national law. The Money Laundering and Terrorist Financing (Amendment) Regulations 2019, SI 2019/1511 were laid before Parliament on 20 December 2019 and are in force from 10 January 2020. See Practice Note: Fifth Money Laundering Directive—what’s changed?, Fifth Money Laundering Directive published in EU Official Journal, LNB News 22/06/2018 41 and News Analysis: Transposition of Fifth Money Laundering Directive into UK law—the pensions impact.

FORTHCOMING CHANGE: As originally announced at Budget 2018, the government ran a consultation between 1 April and 1 June 2019 on proposals to curtail capital gains tax (CGT) principal private residence (PPR) lettings relief in order to better target the relief at owner occupiers and

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