For many people the family home is the most valuable asset they have. As such protecting its value will be key importance.
In this tax guide we look at the key tax planning opportunities for the family home and private residences.
We cover all planning for income tax, capital gains tax and inheritance tax.
This guide is essential reading for anyone interested in retaining wealth from the family home and/or passing the family home onto your family tax efficiently.
What is covered in this tax guide? Selling your main residence - how capital gains tax applies Establishing a property as a main residence in 2014 How PPR relief and lettings relief works 2014 changes to Principal Private Residence relief PPR relief where you have two or more homes Offsetting losses on a main residence and maximising tax relief Points to watch out for when selling a former main residence after you've left the UK How to avoid taxes if you're selling part of your garden Claiming Principal Private Residence relief if you convert a house into flats Tax implications of letting family live in your property Avoiding Tax On The Transfer Of Property To Children How to claim PPR relief on property occupied by a relative Buying property tax efficiently whilst your children are studying Helping your children to buy their first property tax efficiently Income and property tax planning when your children live with you Case study: Avoiding inheritance tax and capital gains tax on property Transferring property to a spouse Which is the best way for non doms to hold UK property? Advanced tax planning for non doms using offshore trusts to purchase UK property CGT on divorce and how to structure new property with a new partner Beneficial ownership, receiving a share of the proceeds and reducing capital gains tax Reducing CGT when transferring property to children (including an example of how to save 23,520 in CGT) Should you sell or let your former home? Should you reoccupy a property prior to selling it? When a property can be your main residence without you occupying it "