When Private Residence Relief (PRR) doesn't apply - understanding Capital Gains Tax

Описание: Did you know that you may have to pay Capital Gains Tax on the sale of your residential property, even if it’s your main home?

There is something called Private Residence Relief which applies to the sale of most people’s homes, as long as the property meets 5 criteria.

One of the criteria is that your property, garden and grounds are less than 5,000 m2.

Use this form to work out your gain: https://www.gov.uk/tax-sell-home/work...

Download the full HMRC Private Residence Relief Helpsheet: https://www.gov.uk/government/publica...

Create an account to report and pay CGT on UK residential property: https://www.tax.service.gov.uk/capita...

Other videos you might like: Capital Gains Tax Playlist:    • Capital Gains Tax  

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