A few changes in capital gains tax were announced in the budget of November 2022. It was announced that the changes will take place in 2023 and 2024. Today, we will be taking a look at these changes. So, if you are reading and speculating about the differences, now is the time to go through … Continue reading Changes in Capital Gains Tax in 2024 – Points to Know
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Before we get into the thick of things in regards to VAT charged on mixed property, let’s find out what a mixed property is. Going by the legal definition in accordance to the UK laws, a property that has both residential as well as non-residential elements in it can be termed as a mixed property. … Continue reading A Brief Account of VAT charged on a Mixed Property in the UK
When you dispose of your residential property, you will accumulate a capital gains tax (CGT) on it. But you can get exemption from the same partially or fully with the private residence relief (PRR) and today we will discuss how. We will also discuss what affect the application of these instruments and whether any exceptions … Continue reading How Private Residence Relief Can Exempt The Capital Gains Tax?
