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
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
Shortly before you sell a property, could you transfer it into joint ownership to save on Capital Gains Tax? And if so, what are the chances of the Taxman attacking this as a tax avoidance scheme to
restore his tax take?
Published 13.04.2006
You want to sell your former home. You’ve been told you can reduce any capital gains tax significantly by giving a share of the property to your spouse. It sounds too good to be true - are there any
traps to watch for?
Published 03.05.2018
A recent tribunal decision is a sharp reminder of a little known capital gains tax trap. The taxpayer on the wrong end of the ruling had sold a property to his fiancée at a bargain price. This landed
him with a £5,000 tax bill; why?
Published 16.03.2015
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
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
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
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
When the Chancellor announced a cut in capital gains tax rates he excluded residential landlords and anyone who owns more than one home. How can you qualify for new lower rates by using a legitimate
tax break?
Published 21.09.2016