U-turn over main residence election chop
Posted by mostafa on 8 December, 2014
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This item was filled under Tax
The government has scrapped plans to abolish the capital gains tax (CGT) main residence election.
Treasury officials intended to replace the measure with fact-based tests to decide which property would benefit from only or main residence relief, as part of proposals to implement a CGT charge on UK non-residents.
But a change of …