Capital Gains Tax
An unusual case highlights the availability of Principal Private Residence Relief for Capital Gains Tax.
In Morgan v HMRC the tax payer took up residence in a property intending to occupy it with his fiancé as the matrimonial home. The fiancé left shortly after the occupation started for another man. The tribunal held Principal Private Residence Relief applied as it was the intention at the relevant time not the duration or quality of the occupation that was important.
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Please note the above is for information purposes only and is intended to be a short summary. It should not be treated as a comprehensive guide and should not be acted on without qualified legal advice.
