{"id":2456,"date":"2014-07-10T00:00:00","date_gmt":"2014-07-10T00:00:00","guid":{"rendered":"http:\/\/dev1.2facearts.com\/uncategorized\/tax-free-capital-gains-private-residence-relief\/"},"modified":"2014-07-10T00:00:00","modified_gmt":"2014-07-10T00:00:00","slug":"tax-free-capital-gains-private-residence-relief","status":"publish","type":"post","link":"https:\/\/hebblethwaites.com\/index.php\/tax-free-capital-gains-private-residence-relief\/","title":{"rendered":"Tax free capital gains &#8211; private residence relief"},"content":{"rendered":"<p>\n\tIf you dispose of a dwelling house (which can include a house, flat, houseboat or fixed caravan) which is your home, or part of a dwelling house which is your home, or&bull; part of the garden attached to your home , you would normally have to pay Capital Gains Tax (CGT) on any gain you make.<\/p>\n<p>\n\tHowever, you will be entitled to full relief from any capital gains tax liability where all the following conditions are met:<\/p>\n<ul>\n<li>\n\t\tthe dwelling house has been your only or main residence throughout your period of ownership, and<\/li>\n<li>\n\t\tyou have not been absent, other than for an allowed period of absence or because you have been living in job-related accommodation, during your period of ownership<\/li>\n<li>\n\t\tthe garden or grounds including the buildings on them are not greater than a specified area, and<\/li>\n<li>\n\t\tno part of your home has been used exclusively for business purposes during your period of ownership.<\/li>\n<\/ul>\n<p>\n\tIf you meet all of these conditions, you will not have to pay CGT on the disposal.<\/p>\n<p>\n\tConsideration of the tax position if you own more than one property which you have occupied in a tax year, or if the above conditions are only partly met, will need to be considered in some detail.<\/p>\n<p>\n\tRelief for the disposal of a private residence can also be complicated when owners marry, divorce or permanently separate.<\/p>\n<!-- -->","protected":false},"excerpt":{"rendered":"<p>If you dispose of a dwelling house (which can include a house, flat, houseboat or fixed caravan) which is your home, or part of a dwelling house which is your home, or&bull; part of the garden attached to your home , you would normally have to pay Capital Gains Tax (CGT) on any gain you [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":["post-2456","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/posts\/2456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/comments?post=2456"}],"version-history":[{"count":0,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/posts\/2456\/revisions"}],"wp:attachment":[{"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/media?parent=2456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/categories?post=2456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/tags?post=2456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}