Smith & Williamson on CGT and the Private Residence
- The Legislation in Summary
- The House Itself
- The House and its Surroundings
- The Multiple Owner
- The Absentee Owner
- The Business User
- Trustees and Personal Representatives
- Marital Breakdown and the Private Residence Relief
- Miscellaneous Problem Areas
- Interaction with Other Reliefs and Taxes
- The Non-Resident Owner
- Appendix A: Taxation of Chargeable Gains Act 1992, s. 222–226B
- Appendix B: HMRC Extra-Statutory Concessions
- Appendix C: HMRC Statements of Practice
- Appendix D: ICAEW Technical Releases
- Appendix E: Extracts from HMRC Tax Bulletins
CGT and the Private Residence (7th edition) is a leading work for those who advise on residential property transactions. Private Residence Relief from capital gains tax is a relief that contains traps for the unwary but also opportunities for the well-informed.
Updated to reflect recent case law and recent legislation, this complete resource on the subject will provide answers to the following problematic issues:
- How much of the land held with a house can be sold tax-free?
- What does recent case law have to say about what it takes to make a house a true "residence"?
- Can CGT relief be claimed on a house used for business on which income tax allowances have been given?
- How much time can be spent away from the home without losing CGT relief?
- What are the implications of a divorce for CGT on the family home?
About the author:
As a leading, independently owned, financial and professional services group, Smith & Williamson has been looking after the financial affairs of individuals, families and businesses for more than a century.