Somerset Maugham's description of Monaco has more
recently been appropriated by Vince Cable.
Many people will be familiar with Principal Private Residence Relief (PPRR) which, very broadly, exempts tax on gains made on the sale of a person's main home.
The average taxpayer is unlikely to have to pay capital gains tax but The What Investment Guide to Personal Tax is here to help.
A new campaign is targeting people who have sold properties that are not their main homes and failed to declare the profits.
If you sell a piece of art through the open market, such as sale through public auction, you may be liable to capital gains tax or inheritance tax.
Employees will be exempt from normal capital gains charges on selling shares under George Osborne's new plan.
There does exist a capital gains tax exemption for principal private residence which includes grounds that do not exceed half a hectare.
A look at minimising your CGT bill.
If any part of your home is used exclusively for business, there may be a capital gains tax bill when you sell the home.
The annual capital gains tax (CGT) allowance will not, as announced in
the 2011 Budget, be increased at the rate of inflation in April 2012.