The recent case of Alison Clarke v HMRC illustrates the kind of factors that the tribunal will consider when assessing whether or not the taxpayer was using a property as their sole or main residen
capital gains tax
Liberal Democrat plans to increase the top rate of capital gains tax to as much as 35% will send a “bad signal” to business, according to the CBI.
HMRC has invited evidence on the potential impact of withdrawing three extra-statutory concessions (ESC) and views on draft legislation to enact two others.
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.