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
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
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
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
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
Capital gains tax private residence relief is available where a property is occupied as the taxpayer’s only or main residence. The question of what constitutes
Capital gains tax (CGT) is normally paid when an item is either sold or given away. It is usually paid on profits made by selling
As the end of the 2018/19 tax year approaches, it is worthwhile taking time for some last-minute tax planning. Here are some simple tips that
