Tax Insider Tip: Proactive Planning To Get Capital Gains Tax Main Residence Relief
Most people know that in the straightforward situation where you sell your home, you don’t pay capital gains tax (CGT).
It is a powerful tax planning strategy for homeowners, landlords and property developers alike.
But it is not so well understood that main residence relief can make a huge difference to the CGT you pay in other, much less straightforward situations.
Alan Pink has written a strategy in which he looks at planning to reduce capital gains tax on selling a property by occupying it as a residence – and the hurdles that need to be overcome.
It is a complicated area but then there are little tips and tricks to help you get maximum tax savings.
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>> Proactive Planning to Overcome CGT Main Residence Relief Hurdles