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    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...

    Capital gains tax - Reliefs - Principal private residence relief - Special situations - Disposals by UK non-residents - 52060

    Principal private residence relief is available for disposals of residential property by non-UK residents (such disposals have been liable to Non-Resident Capital Gains Tax (NRCGT) since 6 April 2015)....

    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...

    Court of Appeal rules on off-plan homes capital gains

    In 2018 a ruling by the Upper Tribunal increased the risk of a tax bill for anyone who bought their home off-plan, or was delayed in taking up residence. The Court of Appeal was asked to reconsider the...

    Selling your home for more (tax) than you bargained for

    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...

    Selling your home - private residence relief slashed

    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?