The breakdown of a marriage or civil partnership can be a stressful time for all concerned. Below, we cover some key points to consider from a capital gains tax (CGT) perspective. 

Capital gains tax generally only applies if you are resident in the UK. However, in certain circumstances you can also be liable if you sell an asset while non-UK resident for tax purposes. 

Normally, if you sell (or otherwise dispose of – for example, if you give away) your only or main home, you do not have to pay capital gains tax on any profit if it has been your only or main home throughout the entire period of ownership. This is called main residence relief (or private residence ...

On this page, we discuss what reporting obligations you have where you make a disposal on which capital gains tax (CGT) is chargeable. In some cases, you may be required to report the disposal to HMRC (and potentially pay the tax) within 60 days.

On this page, we look at how you calculate your property income for tax purposes – in other words, your profit from renting out property. This includes identifying your income and understanding your allowable expenses, all of which are important when calculating your taxable profit. There are also ...

If you receive rental income from letting furnished accommodation within your own home (for example, if you have a lodger), you may be able to benefit from the ‘rent-a-room’ scheme.