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
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 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
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
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
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
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
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
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