Frequently asked questions from Markel Tax on capital gains tax.
Premium Content: This is exclusive item - please log in or subscribe to view this item.
FAQ on the capital gains tax consequences if a client gifts a house to one of their children.
Premium Content: This is exclusive item - please log in or subscribe to view this item.
FAQ on how to handle the capital gains tax for a commercial property that was held as part of a trust and was subsequently sold on, without being rented out.
Premium Content: This is exclusive item - please log in or subscribe to view this item.
FAQ on on the requirements for submitting a UK land return to HMRC, for a client planning to sell a UK residential property in the 2020/21 tax year.
Premium Content: This is exclusive item - please log in or subscribe to view this item.
FAQ on on the tax implications of a client gifting rental property, which they own outright, to their adult children.
Premium Content: This is exclusive item - please log in or subscribe to view this item.
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.
Premium Content: This is exclusive item - please log in or subscribe to view this item.
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.
Premium Content: This is exclusive item - please log in or subscribe to view this item.
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.