The Court of Appeal has issued a binding decision on when the period of ownership of a main residence begins for capital gains tax relief purposes. What is the key point, and what action do you need
to take for your clients?
Published 28.01.2020
A new client has come to you for advice about a property he has sold. He lived in it on and off during the ownership period, although there was a delay in initially completing the exchange. He had
other properties that he has occupied as his home as well. You believe some private residence relief (PRR)...
Published 20.02.2020
Knowing exactly when a property is acquired is vital in calculating a gain that is not fully covered by private residence relief. How does a 2017 tribunal case shed some light on the treatment of
“off-plan” homes?
Published 31.10.2017
HMRC’s approach to private residence relief (PRR) is increasingly aggressive, especially where second homes are concerned. In what situations are your clients entitled to private residence relief and
how can you help them improve their chances of a successful claim?
Published 17.12.2015
A client has mentioned that they moved house a year ago but are struggling to sell their old home. They are also about to be seconded by their employer, firstly several hundred miles away in the UK,
then overseas. How will this affect their capital gains tax position?
Published 20.09.2022
Anyone purchasing an off-plan main residence was relieved when the First-tier Tribunal upheld a private residence relief (PRR) claim in 2017. Now the Upper Tribunal has overturned that decision.
What’s the impact?
Published 29.10.2018
A client would like to sell a property that is set in substantial grounds with a number of outbuildings. It has been occupied as her only residence, but she is unsure whether private residence relief
(PRR) will apply to the grounds and other buildings. What do you need to consider when advising?
Published 26.08.2021
A case on private residence relief illustrates the kind of evidence needed to support a main residence exemption. What should clients be compiling?
Published 26.11.2014
Two of your clients are about to sell residential property. One has lived in their property intermittently whilst working in the UK and overseas, whereas the other has never lived in their property
at all. How could both clients potentially claim private residence relief (PRR) in full?
Published 10.07.2023