Tax-efficient way of life
Tax-efficient way of life
- 1990
- Taxation 124(3242) 15 March 1990, 670-672(3) .
Discusses the case of Lewis v Lady Rook , which examines the capital gains tax position on the sale of a gardeners cottage . It was held that as the property formed part of the taxpayers` principal private residence although it was occupied by her gardener, as such it was exempt (in part) from the tax.
CAPITAL GAINS TAX
EXEMPTION
PRIVATE RESIDENCE EXEMPTION
RESIDENTIAL PROPERTY
Discusses the case of Lewis v Lady Rook , which examines the capital gains tax position on the sale of a gardeners cottage . It was held that as the property formed part of the taxpayers` principal private residence although it was occupied by her gardener, as such it was exempt (in part) from the tax.
CAPITAL GAINS TAX
EXEMPTION
PRIVATE RESIDENCE EXEMPTION
RESIDENTIAL PROPERTY