Although it is possible to transfer assets between spouses at a value that gives rise to neither a gain nor a loss, giving a property
Tax implications you should know about when you are in the unfortunate situation of Separation or Divorce
Separation, divorce, and private residence relief Where a couple separate or divorce, one party may move out of the matrimonial home, with the other party
Private residence relief removes the charge to capital gains tax on the taxpayer’s only or main residence. For the purposes of the relief, a taxpayer
If you’ve read anything about property and tax, you’ll probably have heard the terms ‘nominating your main residence’ and ‘flipping’. This blog takes you exactly what these terms mean and how and when they apply.
Private residence relief shelters a gain on the sale of a residence from capital gains tax while the property has been the owner’s only or
Today’s blog covers the serious curtailment to letting relief for landlords coming April 2020 – read more here.
Curtailment of letting relief Landlords have been hit with a number of tax hikes in recent years, and this trend shows no signs of abating.
Private residence relief and the final period exemption From a capital gains tax perspective, there are significant tax savings to be had if a property
For grandparents wanting to help out their children or grandchildren, habitual gifts can be made free of inheritance tax. Read more on our blog post.
Give from income to save inheritance tax Within a family scenario, there are many situations in which one family member may make a gift to
At first sight, the calculation of a capital gain or loss on the disposal of an asset is relatively straightforward – simply the difference between