Tag: capital gains tax

What changes are being made to capital gains tax on property in April 2020?

From April 2020 the rules surrounding capital gains tax on the sale of residential property will be changing, are you prepared? The proposed changes were announced by former Chancellor Phillip Hammond in the 2018 Budget and are due to come into effect on 6th April 2020. The main changes relate to: Timescale for payment of…




Am I exempt from capital gains tax when I sell my home?

When selling your home, you won’t usually be required to pay capital gains tax providing that you meet the criteria for exemption. Capital gains tax is a tax that is paid on any profits made when selling an item that is worth more than £6,000; this includes the sale of some property. Whether or not…