Podcast Location:
Download it here [file size: 22.8 MB]
Categories:
Tax Law
Tax & Planning
CPD Points:
Up to 1 point. details »

Due to the difference in guidelines between the SRA and the Bar Standards Board, CPD points are awarded differently for Solicitors, Barristers and Legal Executives:

Regulated by the Solicitors Regulation Authority:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Regulated by the Bar Standards Board:
Listen and pass the quiz: Gain 1 accredited CPD point (60 minutes)

Regulated by ILEX:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Cost:
  • FREE
Length:
30 minutes of audio
(+ optional 5 minute online quiz)
Plays on Computer:
Yes Downloadable as MP3:    Yes
Contributor(s):
Course Aims:

This podcast is aimed at practitioners who advise private clients on tax and how to make the most of CGT relief on property. It provides a practical guide as to how to advise clients to use opportunities to elect properties as their PPR.

Outcomes:
After completing the course you will:
  • Understand the concept of the PPR;
  • Know when the opportunity to make an election of one property as the PPR will arise;
  • Understand how an election should be made by a multiple property owner to make the most of the possible CGT relief;
  • Know whether trustees and beneficiaries can benefit from the CGT relief.
Level:
Specialist Difficulty: 5 of 5
Classification:
Legal Principles
Practical Guide
Sources and References:
  • Taxation of Chargeable Gains Act 1992;
  • Trusts of Land and Appointment of Trustees Act 1996;
  • Sansom v Peay [1976] S.T.C. 494;
  • Griffin (HMIT) v Craig-Harvey [1994] S.T.C. 54.

In this podcast we interview Fiona Graham on the subject of how multiple property owners can gain the maximum capital gains tax relief. Fiona outlines the ways in which property owners can make an election for one of their properties to be their Principal Private Residence (PPR) and benefit from the 36 month CGT relief. Fiona Graham is a partner at Boodle Hatfield.

Podcast Added: 8/12/2008

Podcast last reviewed: 2011-05-31

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