Ely Tax & Accountancy joined the Ely office of Whiting & Partners Chartered Accountants & Business Advisers on 1st October 2017, you should shortly be redirected to the Whiting & Partners website https://www.whitingandpartners.co.uk
Private Residences
As announced in December 2013 the 36 month tax free period when a person's main home is sold, is reduced to 18 months for most disposals made after 5 April 2014. Where the home owner or their spouse is disabled or has moved into a residential care-home, the 36 month tax free period will still apply.
The Government will consult on how to charge capital gains tax on disposal of UK homes by individuals who are not tax resident in this country.
Rollover Relief
Disposals of payment entitlements by farmers under the EU Basic Payment Scheme will qualify for business asset rollover relief with retrospective effect from 20 December 2013.
