ABSTRACT
The SQE curriculum refers to the following aspects of capital gains tax (CGT): Chargeable persons/entities (sole traders, partners, and shareholders), basis of charge (calculation of gains/allowable deductions/main reliefs and exemptions), the charge to tax, calculation and collection, and the scope of anti-avoidance provisions. This chapter covers all these aspects apart from the anti-avoidance procedures that have been referred to already in Chapter 14. The chapter concludes with a brief discussion about business relief for inheritance tax. Although inheritance tax is an area that forms part of the wills, trusts, and estates part of the SQE curriculum it makes sense to consider this as the relief is very similar to reliefs for CGT.
