Capital Gains Tax 2012/13

Covering all UK capital gains reliefs and exemptions that apply to individuals and trustees, with a brief summary of those that apply to companies, this book focuses on the issues and scenarios most commonly encountered by tax advisers. Capital Gains Tax 2012/13 examines current UK legislation and HMRC guidance in a comprehensive and accessible style and is an invaluable book for all those who deal with capital gains tax on a regular basis. The book includes examples and the up-to-date tax cases throughout to aid accurate comprehension of the latest legislative changes. All coverage is up-to-date to the UK's Finance Act 2012, and the whole book is referenced to the HMRC manuals. It includes 'signposts' at the beginning of each chapter, containing a summary of the main points and cross-references to relevant sections of the chapter. These, along with the 'focus' sections, highlighting the key points in each chapter and examples which are presented in shaded panels for easier reference, make this book a convenient and accessible resource. Coverage includes: an introduction to capital gains tax * disposals * computation of gains and losses * particular assets * residence, ordinary residence, and domicile * partnerships * administration of an estate * settlements.