As part of our role as practitioners, it is essential that we constantly monitor the reporting, payment and filing deadlines in respect of capital taxes to ensure that we do not miss a fundamental date, which could disturb families inheritance preparations which may have been put in place. With the introduction of the new Revenue Code of Practice, which became effective from 1 May 2022, it is of even greater importance that tax compliance filings are completed and filed correctly. It is therefore imperative that details contained in the tax filings as part of the compliance process are correct from the outset. This article provides commentary on some of the issues that we should be mindful of when considering compliance issues related to capital gains tax, chargeable gains for corporation tax purposes and capital acquisitions tax.
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