Principal Private Residence Relief (PPR) is a relief that enables homeowners to sell their homes without having to pay capital gains tax (CGT). However, in order to claim the relief, the property must be the main residence of the person selling the property.
It may come as no surprise to learn that HM Revenue & Customs (HMRC) have started writing to those taxpayers who may have incorrectly completed the property pages on their tax return specifically in relation to the amount of tax relief that can be obtained on residential property finance costs.
Further changes are coming…..
In the current economic crisis, if you are thinking about how you can improve your household income, you may wish to consider a furnished holiday let (FHL).
With the start of the new school year fast approaching, and for those who have chosen a private education for their children, the significant costs involved can be a great expense for many people.
Tens of thousands of women are likely to have been underpaid the state pension, and many could be due £1,000s