Property Tax: Tax on the Sale of Residential Property

There are three major changes on the horizon which will affect the sale of residential properties. The changes are: Replacement of lettings relief with lodgers relief Reduction of the final exempt period Reporting capital gain All of the changes come into effect from 6 April 2020. It is important to bear in mind that the … Continue reading Property Tax: Tax on the Sale of Residential Property

More than one home? – Have You Considered Principle Private Residence Relief

Capital gains tax is not typically a consideration when selling your own home if it is your only home and main residence and has exclusively been used as a home. This is due to a tax relief known as Principle Private Residence (PPR). However, if you own more than one home, for example if you … Continue reading More than one home? – Have You Considered Principle Private Residence Relief