Taking a practical approach to the subject and concentrating on the most
commonly found transactions and reliefs, Capital Gains Tax 2021/22 is an
invaluable title for those who deal with capital gains tax on a regular
basis.
The latest edition examines the current legislation and HMRC guidance in
a clear, comprehensive style and explores the following:
- Issue of nudge letter to prompt offshore disclosure
- HMRC consultation into how better to support taxpayers to fulfil their
offshore tax obligations/compliance
- Case law -
- HMRC v Embiricos - the Upper Tribunal reversed the FTT decision and
determined that HMRC cannot issue a partial closure notice in respect of
an enquiry into a taxpayer's claim to the remittance basis without
specifying the amount of tax due
- The Commissioners for HM Revenue and Customs v (1) The Quentin Skinner
2005 Settlement L (2) The Quentin Skinner 2005 Settlement R (3) The
Quentin Skinner 2005 Settlement B (Trusts and qualifying period for
BADR)
- Stephen Core v HMRC and Phillips v HMRC (Main residence relief)
The commentary in this title includes numerous examples, updated to the
current tax year, and is cross-referenced to the tax legislation as well
as to the HMRC manuals and to other HMRC guidance.
This accessible reference guide has a user-friendly structure with
'signposts' at the beginning of each chapter to summarise key topics and
'focus points' throughout to highlight important issues, as well as
numerous worked examples demonstrating how to apply the main principles
in practice.
