Ep 64 - Capital Gains Tax and property

2021-10-12

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Today podcast is all about Capital Gains tax on property. When does an individual pay capital gains tax on a residential property? How is the potential gain calculated? What the difference categories of residential properties? Are there any reliefs available when selling a residential property? What if the property was gifted or inherited? Is there still capital gains tax to pay? What if I gift a property to a family member or a third party? Surely if I’ve received no proceeds then no CGT is p...

Today podcast is all about Capital Gains tax on property.

When does an individual pay capital gains tax on a residential property?

How is the potential gain calculated?

What the difference categories of residential properties?

Are there any reliefs available when selling a residential property?

What if the property was gifted or inherited? Is there still capital gains tax to pay?

What if I gift a property to a family member or a third party? Surely if I’ve received no proceeds then no CGT is payable?

What are the rates of capital gains tax? Do you see this changing in the near future?

What about inter spouse transfers?

When does capital gains tax become payable? What are the new filing requirements?

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