Ep 64 - Capital Gains Tax and property
Medics Money podcast · Medics Money
Audio is streamed directly from the publisher (pscrb.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
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?
Want to stay up to date with the latest financial information for doctors?
Join 28,000 doctors receiving free financial CPD via email by downloading our free ebook here
https://www.medicsmoney.co.uk/ebook/
Follow us on Twitter
https://twitter.com/medicsmoney
Like us on Facebook