Private Residence Relief: HMRC’s ‘Off-Plan’ Arguments Off Target!

A private residence relief case involving an individual’s delay moving into a dwelling whilst it was being built. The extent to which capital gains tax (CGT) principal private residence (PPR) relief is available on the disposal of an individual’s only or main residence is straightforward to establish in most cases. However, differences in interpreting the […]

POAT: Out Of The Frying Pan Into The Fire? Part 1

An overview of the pre-owned assets tax charge as it applies to land and properties. Individuals (and advisers) will sometimes need to consider whether ‘pre-owned assets tax’ (POAT) applies, such as (but not necessarily) if inheritance tax (IHT) planning is undertaken. The POAT rules broadly charge income tax on benefits received by former owners of […]