The First-tier Tribunal (FTT) recently ruled on a dispute involving private residence relief (PRR) and an off-plan property. Anyone who has bought, or is considering buying, a home this way should
take note. What’s the full story?
Published 26.05.2017
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
After moving home our subscribers let their property to residential tenants and later to a business for use as offices. It’s now been sold. How much private residence relief can our subscribers claim
to reduce the tax bill on the capital gain they made?
Published 19.11.2021
A serial property investor who lived two months in a property which he later sold for a profit was refused private residence relief (PRR) by HMRC. He appealed to the tribunal. What was the outcome
and why is this case important?
Published 05.11.2015
In an unhappy case the Upper Tribunal decided there was capital gains tax to pay on a gain made from selling a property which had only ever been used by the owner as his main residence. Why and how
might the decision affect you?
Published 13.11.2018
Part of your home has been used for business purposes and you’ve claimed a corresponding income tax deduction for the running costs. You’re about to sell your home for much more than you paid for it.
Will you have to pay any tax?
Published 18.04.2018
In 2018 a ruling by the Upper Tribunal increased the risk of a tax bill for anyone who bought their home off-plan, or was delayed in taking up residence. The Court of Appeal was asked to reconsider
the case. What was the outcome?
Published 13.11.2019
If you’ve used part of your home for business you might have to pay capital gains tax when you sell it. Calculating this isn’t as simple as it sounds and costly mistakes are often made. How can you
avoid these?
Published 16.10.2018
The First-tier Tribunal (FTT) recently considered whether money from property sales was trading income or capital gains, and if private residence relief was due. The FTT ruling provides useful
guidance on both issues. What’s the full story?
Published 09.06.2022
If you own a second property you need to notify the Taxman which is your main home. If you don’t, you are likely to end up with a Capital Gains Tax bill at some point. However, it may not be too late
to do something about it. Such as?
Published 26.10.2006