DTR and illustration
You'll learn how double taxation relief works for capital gains and how to apply it when gains are taxed both in the UK and overseas.
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In this lesson
- 0:00 Double taxation relief on capital gains
- 0:40 DTR calculation worked example
- 2:00 Applying relief and final liability
About this lesson
This video walks you through the key principle—DTR is the lower of overseas tax suffered and UK tax on the overseas gain—and shows you why offsetting the annual allowance and basic rate band against UK gains first maximises your relief. Using a worked example with property sales, you'll see exactly how to calculate the CGT liability and claim DTR on your tax return. This is essential for ATX and applies whenever you have chargeable gains from overseas sources.
Duration: 3m
Transcript
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