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
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
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
You’ve owned a second property for several years and now want to sell it and buy a bigger place. The trouble is some of the proceeds will be needed to pay tax on the gain you make from the sale. How
can you avoid or reduce this?
Published 05.06.2015
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
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
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
Your accountant has suggested giving a half share of your rental property to your spouse to save income tax. Naturally, you’re keen on the idea, but it could land you with a stamp duty land tax
(SDLT) bill. Is there a way to avoid it?
Published 25.06.2018
You want to move to a bigger home but the mortgage borrowing limits are proving a problem. Your company could instead buy it or provide cash, but what are the tax consequences?
Published 07.07.2016
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