Write a letter to Ms. Bardot explaining what CGT (if any) is due for 2020-21and when it is due for payment with reference to the changes relevant to gains on residential property and letting relief that came into effect from 6 April 2020.
Bridget Bardot is a UK resident taxpayer. She purchased a house in London with a large garden on 01.10.1999 for £160,000 and paid 1% stamp duty plus legal fees of £863 in addition to the purchase price. She lived in the property up until 22/12/2012 when she rented the property out. On the 12/09/2019, the […]