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
When it comes to tax relief on the family home, there are complications for married couples and civil partners following separation. How can the new rules, which apply from April 2023, help?
Published 19.04.2023
Our subscriber recently married. He and his wife live in the property he owned as his home for several years. He wants to transfer a share of it to her. If they sell in a few years’ time, what will
their respective capital gains tax (CGT) positions be?
Published 07.05.2021
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
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
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
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
Usually when you sell your home there’s nothing to declare to HMRC, but as one taxpayer recently discovered there’s a lot more to private residence relief than meets the eye. Might you be in line for
an unexpected tax bill?
Published 07.01.2019
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 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