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
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
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
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
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
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
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 couple bought a plot of land and built a new home on it. When they sold it HMRC assessed them for capital gains tax. They appealed and won. HMRC disagreed with the ruling and referred it to the
Upper Tribunal (UT). What was the outcome?
Published 26.10.2023
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