Andrew Goldstone and Katherine Forster (Mishcon de Reya) provide the monthly update on the latest tax developments affecting private clients.
Yechiel: quality of residence
In H Yechiel v HMRC [2018] UKFTT 683 the FTT found that a property owner did not prove sufficient quality of occupation of his property in order to claim capital gains tax (CGT) principal private residence relief (PPR).
Mr Yechiel bought a house in 2007. It required significant renovation and he got planning permission for an extension in March 2008. Mr Yechiel got married in August 2008. The house was never occupied as the marital home as they lived elsewhere. The marriage did not last and divorce proceedings began in January 2011. In April 2011 he moved out of the former marital home and moved into the house. There was unchallenged evidence that Mr Yechiel occupied the property between April 2011 and...
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Andrew Goldstone and Katherine Forster (Mishcon de Reya) provide the monthly update on the latest tax developments affecting private clients.
Yechiel: quality of residence
In H Yechiel v HMRC [2018] UKFTT 683 the FTT found that a property owner did not prove sufficient quality of occupation of his property in order to claim capital gains tax (CGT) principal private residence relief (PPR).
Mr Yechiel bought a house in 2007. It required significant renovation and he got planning permission for an extension in March 2008. Mr Yechiel got married in August 2008. The house was never occupied as the marital home as they lived elsewhere. The marriage did not last and divorce proceedings began in January 2011. In April 2011 he moved out of the former marital home and moved into the house. There was unchallenged evidence that Mr Yechiel occupied the property between April 2011 and...
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If you do not subscribe but are a registered user, please enter your details in the following boxes:
