Selling your garden for development. Relief from Capital Gains Tax

Private Residence Relief is available on the disposal of your main private residence, which means that you won’t have to pay Capital Gains Tax. However, if you would like to sell your garden for development, the rules surrounding this relief can be complex. Furthermore, if you choose to develop the land yourself, your income tax liability could be affected. Read more

If you are thinking about selling your garden for development, please do get in touch with us early as timing can be important.

Changes on Buy to Let Property that will affect your 2017/18 Tax Returns

Landlords will have started to feel the effect of the changes to the tax treatment of buy to let properties, which came into force from 6 April 2017. The two main areas of significant change have been the restriction of loan interest and the new property allowance. Read more

Forthcoming Changes to the Rent-a-Room Scheme

If you rent your home via platforms, such as Airbnb, be aware that draft legislation could affect your eligibility for the Rent-a-Room Scheme from April 2019. 

Draft legislation in the forthcoming Finance Bill adds a new condition effective April 2019, where the landlord must be in the home at the same time as the tenant for at least part of the time of the rental period. Read more

Take a look at our Fact Sheets

Read some of our latest Fact Sheets featuring property and tax issues.

Capital Gains Tax and the family home
Property investment - tax considerations
Buy to let property investments