Private residence relief tax relief when selling your home
Language: English Series: Letting Update Journal ; 15(3) October 2007, 24-26(2)Publication details: 2007Subject(s): Summary: Examines the relief from Capital Gains Tax (CGT) which applies to the sale of private residences and is responsible for the lack of tax due to be paid upon the sale of a private home. At some point the property must be the owner's only or main home. However it can then be let out without an loss in CGT relief. More than one home cannot be exempt from CGT during the same period, even if two spouses live in separate homes. Explains issues involved in working from home and the intention to dispose.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L141795 (Browse shelf(Opens below)) | 1 | Available | 141795-1001 |
Examines the relief from Capital Gains Tax (CGT) which applies to the sale of private residences and is responsible for the lack of tax due to be paid upon the sale of a private home. At some point the property must be the owner's only or main home. However it can then be let out without an loss in CGT relief. More than one home cannot be exempt from CGT during the same period, even if two spouses live in separate homes. Explains issues involved in working from home and the intention to dispose.