Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

No other

18 September 2012
Issue: 4371 / Categories: Comment & Analysis , Capital Gains , Only or main residence
Is it always necessary to make an election to choose between one residence and another, asks RICHARD CURTIS

KEY POINTS

  • The capital gains tax relief for only or main residence.
  • Is the general public really aware of the relief?
  • What does ESC D21 actually cover?
  • Does rented accommodation need to be taken into account as another residence?
  • Should assured shorthold tenancies be left out of account?
  • Why treat a rented property as a main residence?

There are a lot of things that trouble me from time to time. Just a selection and in no particular order:

  • Will I ever get my motorbike back on the road?
  • Quite what is going on when you put a slice of lemon in your tea; why does it turn a lighter colour?
  • Why wasn’t Gene Clark’s LP...

If you or your firm subscribes to Taxation.co.uk, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.

back to top icon