Flipping Your Main Residence: Is a Change Imminent?

UK residents who own more than one home can currently decide which of those properties is their main residence for tax purposes. This means they can claim “Private Residence Relief” (PRR) on that property so that they are not liable for any Capital Gains Tax (CGT) when they come to sell it. But this current system has been open to abuse as the homeowner could choose to … Continue Reading