Possible changes to Capital Gains Tax Private Residence Relief
The government is currently consulting on important changes to Private Residence Relief that are likely to be introduced from 6 April 2020.
The government is currently consulting on important changes to Private Residence Relief that are likely to be introduced from 6 April 2020.
It is a commonly held point of view that when you sell your home you won’t pay any tax, however there are circumstances where this is not true.
Capital Gains Tax (CGT) has a main rate of 20% other than for basic rate taxpayers who now have a rate of 10%.