capital gains tax
Excuse first post..
We are about to sell a business asset and have incurred costs in doing so (legal fees, business adviser fees, travel and so on).
I own a couple of properties in London, one of which was main main private residence until March 2012 (until 2 years back).
Suppose X bought £100,000 worth of ordinary shares in a private company and Enterprise Investment Scheme rules applied.
My client owns two properties. One (property 1) bought 17 years ago, lived in for six months and then rented out.
I would like others thoughts on an issue I have.
Property owned for 22 years and recently sold.
Basically lived in for 2 years at purchase = MAIN RESIDENCE RELIEF
The government has published draft legislation that will shorten the final period exemption for CGT relief on primary residences from April next year.
The government has announced two important changes to capital gains tax (CGT) in the Autumn Statement 2013:
1. Private Residence Relief (PRR)
The Autumn Statement (formerly known as the Pre-Budget Report) for 2013 will be provided by George Osborne on Thursday 5 December 2013.
Key Lessons to be learnt