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
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
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 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
You sold your home and moved to a new one a few weeks ago. You thought all the paperwork was done and dusted but a friend now tells you that you need to tell HMRC about the sale or face a fine. Are
they right?
Published 07.01.2021
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
Our subscribers are selling their home, which incorporates an annexe. They realise that some of the gain they make won’t be covered by private residence relief (PRR). How do they calculate it and
should it be reported to HMRC?
Published 06.03.2023
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
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