In Mrs D and Mr I Fountain v HMRC [2015] UKFTT 419 (24 August 2015) the FTT found that principal private residence relief was not available in relation to the sale of a plot which had formed part of a larger estate.
Mr and Mrs Fountain had lived at 31 Doddington Road a piece of land comprising a house a workshop a parking area and two farmed fields. The property had then been divided into five building plots. Plot 1 was adjacent to the house and plot 2 was to the west of plot 1. Mr and Mrs Fountain built a new home on plot 4 which they moved into in January 2007. Plot 2 was sold in December 2009 and the issue was whether principal private residence relief applied to the...
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In Mrs D and Mr I Fountain v HMRC [2015] UKFTT 419 (24 August 2015) the FTT found that principal private residence relief was not available in relation to the sale of a plot which had formed part of a larger estate.
Mr and Mrs Fountain had lived at 31 Doddington Road a piece of land comprising a house a workshop a parking area and two farmed fields. The property had then been divided into five building plots. Plot 1 was adjacent to the house and plot 2 was to the west of plot 1. Mr and Mrs Fountain built a new home on plot 4 which they moved into in January 2007. Plot 2 was sold in December 2009 and the issue was whether principal private residence relief applied to the...
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