CGT Summary Report – Rebasing of CGT cost at 05/04/2017
The Finance Act 2017 introduced some changes to CGT for non-domiciled individuals, who may rebase the CGT cost of disposals to 5th April 2017. An option has been added to facilitate this to the CGT Summary Report. To use it
- Run Reports > Investment Ledger > Capital Gains Tax > CGT Summary Report
- Tick Rebase cost
- Select 05/04/2008 (an option that was present before) or 05/04/2017
Notes
- The CGT Summary Report allows both actual and What If disposals to be combined on a single report.
- The CGT calculated by rebasing the cost to 05/04/2017 is only available on the CGT Summary Report. It is not shown on other CGT Reports and it is not brought into Personal Tax.