CGT on property sales & EIS investments - a case study
The CGT on the sale of a UK residential property, by a UK resident, which must be paid within 60 days of completion of the contract. This needs to be taken into account when making EIS investments to defer the payment of CGT
House price growth increases in February
Nationwide’s latest monthly house price index. It shows that annual house price growth returned to positive territory for first time in over a year in February and that house prices rose month on month in February
26 February 2024
CGT on UK property - a few quite interesting points
Taxpayers who have sold a property, which was not their main residence, must file a capital gains tax (CGT) return within 60 days of completion if a chargeable gain arises. However, there are some interesting rules that could catch taxpayers out
House price growth increases in January
Nationwide’s latest monthly house price index. It shows that, whilst property values were up in January, they were down 0.2% year-on-year. However, this was the strongest outturn since January 2023
Government consultation on transparency of land ownership involving trusts
The Government’s consultation on the transparency of land ownership when trusts are involved in the ownership structure. It seeks views on the extent to which information about trusts that own land should be made publicly available
House prices in 2024
The Nationwide’s latest House Price Review and Forecast: Rapid rebound in house prices unlikely in 2024. House prices to see low single digit decline or remain broadly flat in 2024
22 December 2023
Property CGT case lost by taxpayer at FTT
A FTT decision, in which a taxpayer lost their appeal after a judge discovered the nine cases the taxpayer cited in her defence didn’t exist and had been generated by an artificial intelligence-powered chatbot
House price growth increased in October, but it was down year-on-year
Nationwide’s latest monthly house price index. It shows that, whilst property values increased in October, they were down 3.3% year-on-year. This decrease was, however, smaller than September’s year-on-year fall which was 5.3%
CGT on UK property - an update on paper returns
HMRC’s update on the use of paper returns for taxpayers who have sold a property which was not their main residence, who must file a capital gains tax (CGT) return within 60 days of completion if a chargeable gain arises
11 October 2023
House price growth remained weak in September
Nationwide’s latest monthly house price index. It shows property values were down 5.3% year-on-year in September. This was the same as August’s year-on-year fall which was also 5.3%