If home is where the heart is, it's also where the taxman cannot, for once, reach us. If we own our own home, we can sell it free of tax; at least, that's the impression most of us are under. But, in fact, there are several circumstances where individuals are at risk of incurring a hefty tax bill when they come to sell what's probably their biggest asset, so it's well worth knowing every get-out clause available to avoid having to share your profit.
subscriber-only content
visible-status-Subscription-Only story-url-Feature_CGT_150213.xml
