HMRC has invited evidence on the potential impact of withdrawing three extra-statutory concessions (ESC) and views on draft legislation to enact two others.
capital gains tax
It has always seemed that the exemption from CGT for the main residence was one of those things so ineluctably British that nobody could ever meddle with it, even
HM Revenue & Customs have announced the targets of their latest Task Force.
I have a client who has been living in a house for over 10 years. The house and mortgage was in his mothers name however the mortgage payment came out of his bank account.
Further to a recent question of mine, I have been tasked with finding a way around the 28% rate of CGT for a client of mine who wishes to dispose of his entire residential letting portfolio.
Working out how much capital gains tax (CGT) is due on the goodwill of an accounting firm that has been sold can be tricky, but a recent tribunal may help.
Do any members have any information on whether there are any CGT reliefs when selling a buy-to let domestic property, when another property is bought as replacement.
A relation of mine owns a rental property that they jointly owned with their husband for about 7 years.
Owners of stately homes are a fairly rare breed but those that open their doors to the public will be considering whether they can benefit from a recent Court of Appeal Case.