Principal Private Residence Archives | Taxfile https://www.taxfile.co.uk/category/principal-private-residence/ Tax advice & accounting services for South London businesses & SMEs Sun, 31 Oct 2021 20:40:53 +0000 en-GB hourly 1 Landlords & Property Investors Take Note: New Capital Gains Tax Rules for 2020 https://www.taxfile.co.uk/2020/03/landlords-property-investors-take-note-new-capital-gains-tax-rules-for-2020/ Tue, 10 Mar 2020 12:46:46 +0000 https://www.taxfile.co.uk/?p=3854 The new capital gains tax (CGT) rules will come into effect on April 2020, which will more than likely impact the sales of most additional properties in the UK. CGT is paid on profits from the sale of investment properties that are not the sellers main place of residence. The amount of CGT paid is […]

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]]> HMRC now has landlords in their sights https://www.taxfile.co.uk/2013/10/hmrc-has-landlords-in-their-sights/ Wed, 23 Oct 2013 14:57:51 +0000 http://www.taxfile.co.uk/blog/?p=572 HMRC (Her Majesty’s Revenue & Customs) has announced some new initiatives over the course of the last month and one of these is The Let Property campaign which is a campaign designed to recover undeclared tax from those receiving income from residential property lets. The idea is to encourage those landlords with under-declared income or […]

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]]> Something You Need to Know about Principal Private Residence Relief to Avoid CGT https://www.taxfile.co.uk/2007/09/something-you-need-to-know-about-principal-private-residence-relief-to-avoid-cgt/ https://www.taxfile.co.uk/2007/09/something-you-need-to-know-about-principal-private-residence-relief-to-avoid-cgt/#comments Sat, 22 Sep 2007 12:49:00 +0000 http://www.taxfile.co.uk/new-Taxfile-WP-blog/2007/09/something-you-need-to-know-about-principal-private-residence-relief-to-avoid-cgt/ Before you start the game of property investment, be aware that the Inland Revenue is always interested in the profit you make by selling your properties. But the sale of your main home will rarely result in any Capital Gains Tax (CGT) liability, because of the principal private residence (PPR) exemption. •Determination of Principal Private […]

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