When your domicile status is relevant and avoiding CGT by granting a short lease

We've just released a couple of very interesting articles to the site. The first one looks at exactly when your domicile status is relevant for tax purposes. The tax return makes it clear that the Revenue will only consider your domicile status if it's 'relevant' in determining your tax liability. So, for anyone completing the non resident pages of the tax return and who has claimed or is looking to claim non UK domicile status it's important to have a good grasp of exactly when your domicile status is relevant. We've prepared an article which tells you exactly when domicile status is relevant and includes extracts from the tax return. Members can view this here: When is domicile relevant in determining your UK income tax or CGT liability for the purposes of the tax return? The second article is for property investors and is very useful tax technique to know. When faced with a CGT charge on the disposal of an investment property the opportunities for significant tax deductions may be a bit thin on the ground. You may have the annual exemption,indexation and taper relief but unless you've occupied it as a main residence or plan to move overseas before disposal that's more or less it. This article looks at how granting leases can, in the right circumstances significantly reduce CGT on the disposal of an investment property. You can view this article here:How using leases can reduce the CGT on the disposal of your investment property