Following the Autumn Statement on 5th December, draft legislation has now been published with further information on specific areas which you may find useful.
The further details cover the following areas: 943 more words
A gain arising on a property which has been your private residence throughout your period of ownership is exempt from CGT. There are deemed period of occupation rules which may help to provide an exemption from CGT even if you were not living in the property at the time. 54 more words
If you let out a UK residence you are naturally liable to UK income tax on the net profit. That is the case even if you are not tax resident in the UK, but that does not mean you have to pay any CGT on the gain on sale if you live abroad. 49 more words
I sure am going to miss reading everyone’s blog posts from CGT 512! Here’s a final list of blog I recommend.
This week had our final course meeting of the semester. During this class period, we gave presentations about our group projects. It was really exciting to see the progress that all of the groups made over the course of the semester. 297 more words