Frequently asked questions from Markel Tax on capital gains tax.
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FAQ on how a separation and eventual divorce will affect Capital Gains Tax, for a couple who have several rental properties, as well as a marital home.
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FAQ on whether a client can benefit from Private Residence Relief and Lettings Relief, even though the property, which was once their only or main residence, has been let out for several years.
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FAQ on whether a client can set the property losses brought forward against the profits from a newly acquired rental property. He previously rented out a residential property in the UK, but sold it in 2012-13 and declared the capital gain on sale on that year’s tax return. He made a loss that year, which has been carried forward since.