capital gains tax - CIGMA Accounting

Connected persons for tax purposes

27/07/202331/07/2023 by CIGMA Accounting, posted in Capital Gains Tax

The definition of a connected person for tax purposes can be complex. A statutory definition of “connected persons” for Capital Gains Tax purposes is set out in Section 286 of the

private residence relief; london accountant; capital gains tax when selling your home

Private Residence Relief: minimise tax when selling your home

27/06/202325/06/2024 by CIGMA Accounting, posted in Blogs, Capital Gains Tax, FAQ

In general, there is no Capital Gains Tax (CGT) on a property which has been used as a main family residence. An investment property which has never been used will not qualify. This relief from CGT is