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    Private residence relief: using case law to support claims

    Claims for private residence relief can become complex. Tribunal cases involving disputed claims are becoming more common. How can you use two recent cases to support a client’s claim for relief?

    Capital gains tax - Reliefs - Principal private residence relief - 51930

    Where an individual disposes of a dwelling house which has been their only or main residence throughout their period of ownership, any gain arising on the disposal is exempt from capital gains...

    Flow chart - capital gains tax private residence relief

    Flow chart - capital gains tax private residence reliefPrivate residence relief prevents or reduces capital gains tax being payable from the sale or transfer of a property that's been your home...

    Buying property in stages: a risk to tax relief?

    Property purchase is an area in which HMRC is taking more interest and transactions that look out of the ordinary may attract unwelcome compliance attention. Why do clients buying multiple properties in...

    Has working from home landed you with a CGT bill?

    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...

    Capital gains tax calculator

    Capital gains tax calculator This calculator has three separate capital gains tax tools; one for sales of land or buildings one for the sale of chattels and other for share sales.How to...

    Capital gains tax - Property gains - Private residence relief - final period exemption

    Private residence relief - final period exemptionPrivate residence relief (PRR) exempts or partly exempts a property from CGT where it has been the seller’s main residence for all or some of...

    The family home: tax on divorce in 2020/21

    Two of your long-standing clients are contemplating divorce after a long marriage. This is amicable, though obviously stressful, and they have requested your advice on avoiding tax charges. Why...

    When can selling your home trigger a tax bill?

    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...

    Cliff-edge trap for separating couples

    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...