Major changes to the tax regime for gains made from the sale of residential property will take effect from April 2020. They will affect how and when you’re required to report and pay capital gains
tax. What’s the full story?
Published 08.07.2019
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
HMRC is promoting its online system for reporting capital gains and losses. It looks straightforward enough, but some tax advisors are saying that it’s not such a good idea to use it. Who should you
believe, HMRC or the advisors?
Published 09.07.2018
Thousands of taxpayers who sold property in 2018/19 will receive letters from HMRC suggesting they may owe tax. If you get one, how should you respond?
Published 18.11.2020
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
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
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
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
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
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