If you own a property other than your home you could be facing a large tax bill when you come to sell. Apart from relying on your annual exemption, what further action can you take to reduce any
Capital Gains Tax due?
Published 16.04.2013
If you and your spouse sell a property which you own jointly you’ll each be taxed on a share of any gain you make. Can you allocate and declare this in the most tax-efficient way or does HMRC have
the final say?
Published 14.05.2015
When couples divorce the last thing on their minds is likely to be the Capital Gains Tax implications of their actions. What are the traps concerning the ex-family home(s) and how can they be
avoided?
Published 07.04.2005
One of our subscribers is selling a property and naturally wants to keep Capital Gains Tax (CGT) to a minimum. The sale won’t go through until next tax year, but is there a way to use the current
year’s annual exemption to lower the tax bill?
Published 17.02.2011
You’re selling a property which you bought as your home before you were married. A friend suggests that you transfer a share to your spouse before the sale as this will save Capital Gains Tax (CGT).
Is he right?
Published 11.06.2013
In a dispute over which spouse actually owned an asset for Capital Gains Tax (CGT) purposes the tribunal ruled in favour of the taxpayer. This sounds like a good result, but might this ruling cause a
problem for every married couple?
Published 03.11.2011
From April 6 2010 you might have to pay more tax at 18% when you sell your holiday letting property. But if you act now you can reduce this to 10% by using entrepreneurs’ relief (ER). How can you
take advantage of this?
Published 18.06.2009
Our subscriber owns a residential property which has been let for many years. He’s considering selling it but will lose a large chunk of the proceeds to HMRC. What are the options for reducing his
capital gains tax (CGT) bill?
Published 15.05.2023
You signed a contract to sell a property on which you’ve made a capital gain. You’ve resigned yourself to paying a large tax bill, but a friend says that you could reduce it by transferring a share
of the property to your spouse. Is he right?
Published 11.01.2016
In two stealthy moves, the Chancellor used the 2018 Budget to raise some extra capital gains tax from certain individuals when they sell their home. Could this include you?
Published 26.11.2018