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Principal Private Residence Relief

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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