Tag: Capital Gains Tax

CGT Nominating Residence
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CGT Nominating Residence

Where a person has only one residence, that residence is their only or main residence. Where they acquire a second residence, they have a period of two years to nominate which residence is the main residence for capital gains tax purposes.

Flipping Private Residence Relief
HMRC

Flipping Private Residence Relief

Where a property has been let, making it the main residence for a period also opens up the opportunity of letting relief to further reduce the gain. The period as a main residence can be after the period of letting.

Gift Holdover Relief Claim
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Gift Holdover Relief Claim

The appellant was not resident or ordinarily resident in the UK, his share of the goodwill of the business was a chargeable asset in relation to him for capital gains tax (CGT) purposes.

Capital Gains Tax Returns
HMRC

Guide to Capital Gains Tax Returns

You’re not required to pay Capital Gains Tax on certain assets including ISAs or PEPs, UK government gilts and Premium Bonds and betting lottery or pool winnings.

Non Resident Landlords Property Investment
HMRC

Non Resident Landlords Property Investment

The merits of taxing foreign purchases are clear, and it couldn’t be more prevalent now as research is suggesting that a high proportion of properties in London that would make suitable homes for first-time buyers are being snapped up by foreign investors.