Introduction to Capital Gains

Get a taste of the capital gains tax regime with this broad overview of the calculation steps, elements of cost base, special rules and more.

In this session, we cover:

• General rules for capital gains

• Steps to think about when disposing of an asset

• Pro tip: CGT events flagged in prefill reports

• Method statement for calculating your capital gain or loss

• 5 elements of cost base

• Special rules for Collectables and Personal Use Assets (PUA)

• Modifications to capital proceeds or cost base - Market Value Substitution rule

• Blackhole expenditure - Section 40-880