By attending this webinar you will gain the following competence
- Assets Subject to CGT: Includes property (excluding primary residence in many cases), investments like stocks and shares, business assets, valuable personal possessions, and certain intangible assets.
- Calculation of Gains: The gain is calculated as the difference between the sale price and the original purchase price, minus allowable costs (e.g., improvements, transaction fees).
- Exemptions and Reliefs: Many jurisdictions offer exemptions or reliefs for specific assets or circumstances, such as primary residence exemptions, annual exempt amounts, or rollover relief.
- Annual Exempt Amount: Some countries provide an annual exemption threshold; gains below this amount may be tax-free.
- Reporting and Payment: Taxpayers typically must report gains in their annual tax return and pay any CGT owed by a specified deadline.