000			01337cab a2200253 4500
001			##L131230
008			051010n2005 000 0 eng u
035			_a(Sirsi) u131230
041	0		_aeng
100	1		_aJeffery, David
245	0	0	_aForty years on...
260	3		_c2005
490			_aTaxation _v155(4024) 8 September 2005, 632-633(2)
520			_aHighlights some tax planning points pertaining to Capital Gains Tax main residence relief. Only or main residence relief has been around for 40 years and is now embodied in the Capital Gains Tax Act 1992 ss222 et seq. Seeks to clarify some common misconceptions in particular with regard to the so-called election by means of which a tax payer can determine which of his residences will qualify for relief. Advises that any individual with more than one residence should in nearly all cases submit a s222(5) notice to determine which is his main residence and that taxpayers should make elections within the two year period limit on retrospection.
590			_aIKA111005
650	2	4	_aCAPITAL GAINS TAX ACT 1992 S222(5)
650	2	4	_aCAPITAL GAINS TAX ACT 1992
650	2	4	_aGRIFFIN V CRAIG-HARVEY
650	2	4	_aHUGHES V VINER
650	2	4	_aGOODWIN V CURTIS
650	2	4	_aFROST V FELTHAM
690			_aPROPERTY-PROPERTY TAXATION-PROPERTY TAX ALLOWANCES
942			_n0
999			_c75993 _d75993