One of our subscribers renovated a property with a view to occupying it as his family home. Circumstances changed and he has to sell it. As the family hasn’t moved into the house, is there any chance
of private residence relief?
Published 05.02.2015
You own a rental property which you now want to sell. Trouble is you’ll lose a chunk of the proceeds in capital gains tax. A friend tells you that by living in the property for a few weeks you can
substantially reduce the tax bill. Is he right?
Published 09.09.2014
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 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
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 home you can choose whether it or your normal home receives capital gains tax private residence relief (PRR). As strict conditions apply, what steps should you take to maximise
relief?
Published 03.11.2021
A story about Angela Rayner MP and the sale of her property has recently been doing the rounds in the media. The reports suggest that the police are investigating possible tax evasion. Is this
justified or just wild speculation?
Published 17.04.2024
A change to the private residence relief rules in April 2020 means more home owners will be caught in the capital gains tax net. Married couples who separate are especially at risk. What steps can
they take to reduce the effect of the new rule?
Published 12.12.2019
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
From April 2020 if you sell your home changes to capital gains tax private residence relief (PRR) mean that you’re at greater risk of being hit with HMRC penalties. Why, and what are the
must-know PRR rules?
Published 17.03.2020