HMRC has published an updated guide to capital gains tax rules in the hope of reducing errors in tax returns.
The five guides, which include a list of common errors, are for:
- Capital gains tax for shares - Two new risks have been added to address unattached computations and re-investment relief for gains invested under the Seed Enterprise Investment Scheme (SEIS)
- Capital gains tax for land and building toolkits - Two new risks have been added to address unattached computations and re-investment relief for gains invested under the Seed Enterprise Investment Scheme (SEIS)
- Trusts and estates
- Capital gains tax for trusts and estates
- Chargeable gains for companies toolkit - it now includes significant changes made in 2011 for groups of companies
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