Capital Gains Tax and Investment Income


The Labour Party have published their general election manifesto, which includes plans for higher corporation tax, income tax increases for those earning more than £80,000 and taxing capital gains and dividends at income tax rates with a single allowance.

The Chartered Institute of Taxation (CIOT) responds to the consultation document which sets out HMRC’s current thinking and approach to interpreting DAC6.

The Chartered Institute of Taxation (CIOT) responds to the draft legislation regarding inheritance tax and excluded property added to and transferred between trusts.

The Chartered Institute of Taxation (CIOT) has sent further comments to HMRC in relation to the provisions in Finance Act 2019 for chargeable gains accruing to non-residents.

The Chartered Institute of Taxation (CIOT) wrote to HMRC in respect of the availability of Business Investment Relief (BIR) where the investment is to be made in a target company that is either:

  • by way of a loan to a trading subsidiary of a charity parent, or
  • by way of investment in a Community Interest Company (CIC).

The CIOT comments on Clause 1 Capital gains tax: relief on disposal of private residence published for consultation on 11 July 2019.

The CIOT response to the HMT call for evidence on Social Investment Tax Relief (SITR).

This update provides some background to and information about HMRC’s letters and some guidance to help members decide the most appropriate way to respond if a client receives one of the letters.

The CIOT response to the HMRC consultation on Private Residence Relief: changes to the ancillary reliefs.

HMRC has provided comments on the Q&As relating to rebasing and the adjustments to the CGT foreign capital losses election.