Share loss relief – Satisfying the conditions for income tax relief

Share loss relief – Satisfying the conditions for income tax relief

It is probably a sign of the present hard economic times that more taxpayers seem to be seeking tax relief for losses on investments in shares and business loans. This is reflected in the number of cases reaching the tax tribunal. Tax relief claims for losses against capital gains are prevalent. However, such relief generally. Read more

Private residence relief

Private residence relief

The Capital Gains Tax (CGT) relief on disposal of an individual’s only or main residence is very valuable and well known. Taxpayers are generally aware of the need to reside in the property, which is a fundamental requirement for principal private residence (PPR) relief. However, what degree of permanence and continuity is necessary to qualify. Read more

BPro Tax

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