Market leading insight for tax experts
View online issue

Private client review for November 2020

Andrew Goldstone and Moustapha Hammoud (Mishcon de Reya) review recent tax developments affecting private clients.

Phillips: entire gain on dwelling with large garden eligible for PPR

In Phillips v HMRC [2020] UKFTT 381 (TC) Mr and Mrs Phillips (together ‘P’) disposed of their residential property and its 0.94 hectare garden in 2014. P’s view was that the gain made on the entire disposal (i.e. the home and the garden) qualified for principal private residence relief (PPR) and therefore did not report it on their tax returns.

HMRC subsequently came across the SDLT records on the acquisition of the property and then issued discovery assessments on the basis that CGT was payable on part of the garden because the property was not of a size and character that required gardens or grounds exceeding the normal statutory maximum of 0.5 of a hectare.

P appealed arguing...

If you or your firm subscribes to Taxjournal.com, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
EDITOR'S PICKstar
Top