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Friday, 18 July 2008

CGT: lettings exemption

If a person moves out of all or part of their main residence and lets it as residential accommodation, then an exemption of up to #40,000 may arise in respect of the gain attributable to the period of the letting.

Michael Breeze, Kaslers Solicitors LLP 07 900 195 195 www.kentsolicitor.co.uk

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Call Michael Breeze on 07900 195 195 or call 0845 270 2511 to if you need legal advise about any of these issues
Kaslers Solicitors LLP is a limited liability partnership registered in England under LLP no. OC310653; authorised and regulated by the Solicitors Regulation Authority under reg no 408936; governed by professional rules set out in the Code of Conduct click here to visit and has its registered office / main trading address at Suite 3, 10 Churchill Square, Kings Hill, West Malling, Kent ME19 4YU - tel: +44 (0)845 270 2511; fax: +44 (0)845 270 2513; DX 92863 West Malling.
The LLP Members are Michael D Breeze LL.B (Hons) (SRA reg no 110184) and Simon McCree Scott LL.B (Hons) (SRA reg no 298202).