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
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
A serial property investor who lived two months in a property which he later sold for a profit was refused private residence relief (PRR) by HMRC. He appealed to the tribunal. What was the outcome
and why is this case important?
Published 05.11.2015
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
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
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
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 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
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
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