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
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
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
The coronavirus lockdown has raised the thorny question of how capital gains tax private residence relief might be affected if you work from home as a result. Is this something you should be
concerned about?
Published 21.10.2020
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
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
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
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
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
Our subscriber has read that using a room in his home exclusively for work can result in a capital gains tax bill (CGT) when he sells his home, but that this rule can be dodged by keeping private
possessions in the room. Is this correct?
Published 04.04.2023