CCH Capital Gains Tax and the Private Residence, 7th Edition

Private Residence Relief from capital gains tax is a relief which contains traps for the unwary but also opportunities for the well-informed.

Updated to reflect recent case law and recent legislation, this complete resource on the subject will provide answers to the following problematic issues:

• How much of the land held with a house can be sold tax-free?
• What does recent case law have to say about what it takes to make a house a true "residence"?
• Can CGT relief be claimed on a house used for business on which income tax allowances have been given?
• How much time can be spent away from the home without losing CGT relief?
• What are the implications of a divorce for CGT on the family home?

Through numerous examples the book also deals with issues such as:

• Second homes
• Properties abroad
• Letting to residential tenants

This book is aimed at anyone who advises clients on residential property transactions including accountants, solicitors, land and estate agents, banks and building societies and insurance company executives.