Only or main residence

Go to page of 8

Wade Llewellyn (TC02726)

The capital gains tax only or main residence exemption generally applies to only one residence. Advice is requested on the eligibility of a UK residence when married forces personnel and their families are living in married quarters in the UK or abroad. Does a formal election need to be made?

D Morgan (TC2596)

Confusion as to the capital gains tax reliefs available often arises when a taxpayer has two residences

Susan Bradley (TC2560)

Many years ago, the owner of one of the houses in the middle of a terrace purchased a garage that had been built in the garden of the end-of-terrace property about 50 feet away

A main residence was purchased in April 2007 and the owner lived in it until October 2012 when he let it and moved into a rented property. He plans to sell a disused farm building on the property to a developer and then sell the residence itself later

J Regan; S Regan (TC2246)

D Regan (TC2247)

Is it always necessary to make an election to choose between one residence and another, asks RICHARD CURTIS

The interaction between main residence relief and entrepreneurs’ relief is examined by KEVIN SLEVIN

A client’s elderly mother has had to move into rented sheltered accommodation and seems unlikely to return to her home

Show

Results

Go to page of 8

Newsletter sign-up Subscribe

READERS' FORUM premium icon

Read All

Readers’ forum: Impact of voluntary restitution on taxpayers Practice tip: January struggles Readers’ forum: Should we add student loan repayments in disclosure? Readers’ forum: Claiming capital allowances on equipment upgrade Readers’ forum: Is there VAT on furniture insurance?