Guidance on Capital Gains Tax when selling property, shares, businesses and other chargeable assets.
For capital gains tax purposes, residential property gains have their own, harsher, rules. Not only is taxed charged at a…
Rising interest rates have forced many landlords to sell up. When selling an investment property, capital gains tax is payable…
Individuals making capital disposals do not pay capital gains tax if their net gains for the tax year (chargeable gains…
No one wants to pay more tax than they need to and, where possible, disposals should be timed to ensure…
Private residence relief (PRR) removes the capital gains tax charge that would otherwise arise on a gain on the disposal…
HMRC are sending one-to-many ‘nudge’ letters to taxpayers who included an invalid claim for gift hold-over relief in their 2021/22…
Where an individual realises a chargeable gain on the disposal of a UK residential property, they must report the gain…
Private residence relief means that you do not have to pay capital gains tax on any gain that you make…
HMRC have sent out nudge ‘One to Many’ letters to taxpayers who they believe may have claimed Business Asset Disposal…
Furnished holiday lettings (FHLs) have a number of tax advantages over residential lets. These advantages include the opportunity to benefit…
The main residence exemption applies for capital gains tax purposes to the extent that a property is used as the…
Spouses and civil partners enjoy certain tax breaks, including the ability to transfer assets between them at a value that…
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