principal private residence relief


principal private residence relief
Relief from capital gains tax on the sale of a property which is the seller's main private residence.
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • tax relief — A deduction from a taxable amount, usually given by statute. In the UK, income tax reliefs are given in respect of income from tax exempt sources (e.g. ISAs), as well as tax deductible expenses, personal allowances, tax credits, and gift aid. See …   Accounting dictionary

  • tax relief — A deduction from a taxable amount, usually given by statute. In the UK, income tax reliefs are given in respect of income from tax exempt sources (e. g. ISAs), as well as tax deductible expenses, personal allowances, tax credits, and gift aid See …   Big dictionary of business and management

  • capital gains tax — (CGT) When you sell a capital asset such as a property or shares, the profit is treated as a capital gain rather than income and is subject to Capital Gains Tax. This is the difference between the base cost (i.e. the acquisition cost) and the… …   Law dictionary

  • CGT — (Capital Gains Tax)When you sell a capital asset such as a property or shares, the profit is treated as a capital gain rather than income and is subject to Capital Gains Tax. This is the difference between the base cost (i.e. the acquisition… …   Law dictionary

  • Capital gains tax — A capital gains tax (abbreviated: CGT) is a tax charged on capital gains, the profit realized on the sale of a non inventory asset that was purchased at a lower price. The most common capital gains are realized from the sale of stocks, bonds,… …   Wikipedia

  • Taxation in the Republic of Ireland — The system of taxation in Ireland is broadly similar to the system of taxation in the United Kingdom. On an individual basis most people are taxed through the Pay As You Earn (PAYE) system, based on their ability to pay the system is quite… …   Wikipedia

  • Law, Crime, and Law Enforcement — ▪ 2006 Introduction Trials of former heads of state, U.S. Supreme Court rulings on eminent domain and the death penalty, and high profile cases against former executives of large corporations were leading legal and criminal issues in 2005.… …   Universalium

  • Morocco — Moroccan /meuh rok euhn/, adj., n. /meuh rok oh/, n. 1. French, Maroc. Spanish, Marruecos. a kingdom in NW Africa: formed from a sultanate that was divided into two protectorates (French Morocco and Spanish Morocco) and an international zone.… …   Universalium

  • Cullompton — Coordinates: 50°51′18″N 3°23′35″W / 50.855°N 3.393°W / 50.855; 3.393 …   Wikipedia

  • Dunfermline —    DUNFERMLINE, a royal burgh, and parish, in the district of Dunfermline, county of Fife; including the villages of Charlestown, Crossford, Halbeath, Limekilns, Mastertown, Patiemuir, North Queensferry, and part of Crossgates; and containing… …   A Topographical dictionary of Scotland