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Main Residence Relief 3rd ed


ISBN13: 9781912386239
Previous Edition ISBN: 9781912386086
Published: April 2020
Publisher: Claritax Books
Country of Publication: UK
Format: Paperback
Price: £80.00



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This detailed, clearly written guide to the familiar CGT relief offers fresh commentary on a topic that is familiar to many tax advisers but that contains numerous pitfalls for the unwary. With full reference to appropriate legislation (including recent changes) and relevant case law, the principles are illustrated with real-life scenarios and planning points.

The complexities of the relief are examined in depth, including the meaning of residence, the concept of the dwelling-house, the question of gardens and grounds, lettings relief, elections between different residences, restrictions, marital breakdown, trusts and personal representatives, etc.

New for the third edition:

Several new case law decisions re occupation (period of ownership, persuasive evidence, short periods of occupation, quality of occupation, renovation periods, dilapidated property)
  • Case law re beneficial interests in a home
  • Court of Appeal ruling re when period of ownership begins
  • Case law re definition of "dwelling"
  • Disposal by non-residents (FA 2019)
  • Enactment of various extra statutory concessions
  • Job-related accommodation for members of the armed forces
  • Statutory changes re lettings relief, including interaction with "rent-a-room" relief / shared occupancy with tenants
  • Statutory changes re extension of election time limits
  • Statutory changes re disposals between spouses/civil partners
  • Statutory reduction re final period of ownership

  • Subjects:
    Taxation
    Contents:
    1. Historical overview
    2. Residence in context
    3. Meaning of dwelling-house
    4. Gardens and grounds
    5. Job-related living accommodation
    6. Main or only residence relief in practice
    7. Lettings relief
    8. Electing between multiple residences
    9. Restrictions on relief
    10. Disposals in connection with divorce and dissolution of civil partnerships
    11. Trusts, settlements and personal representatives
    12. Main residence of dependent relative before 6 April 1988
    13. Inheritance tax – residence nil-rate band
    Appendix – lettings relief – rules applicable to disposals of dwelling-houses before 6 April 2020
    Table of primary legislation
    Index of cases
    General index

    Series: Claritax Books

    Construction Industry Scheme: Guidance and Commentary 3rd ed ISBN 9781912386451
    Published November 2021
    Claritax Books
    £80.00
    Personal Representatives: A Guide for Tax Practitioners 2nd ed ISBN 9781912386413
    Published August 2021
    Claritax Books
    £75.00
    Schedule 36 Notices - HMRC information requests ISBN 9781912386499
    Published July 2021
    Claritax Books
    £85.00
    Capital Allowances 2021-22 ISBN 9781912386376
    Published May 2021
    Claritax Books
    £95.00
    Inheritance Tax: Lifetime Transfers and the Death Estate ISBN 9781912386345
    Published October 2020
    Claritax Books
    £95.00
    Pension Tax Guide 2020-21 ISBN 9781912386369
    Published August 2020
    Claritax Books
    Out of print
    Financial Planning with Trusts 2020-21 ISBN 9781912386338
    Published August 2020
    Claritax Books
    Out of print
    Out of print
    Furnished Holiday Lettings: A Tax Guide 4th ed ISBN 9781912386222
    Published June 2020
    Claritax Books
    £70.00
    Taxation of Partnerships ISBN 9781912386314
    Published June 2020
    Claritax Books
    £85.00
    A-Z of Plant & Machinery 2020-21 ISBN 9781912386277
    Published April 2020
    Claritax Books
    Out of print
    Capital Allowances 2020-21 ISBN 9781912386284
    Published April 2020
    Claritax Books
    Out of print
    Living and Working Abroad ISBN 9781912386260
    Published February 2020
    Claritax Books
    £50.00
    Property Investment: A Tax Guide ISBN 9781908545749
    Published October 2019
    Claritax Books
    £95.00
    Tax Appeals: Law and Practice at the FTT 4th ed ISBN 9781908545879
    Published June 2019
    Claritax Books
    £85.00
    Capital Allowances: 2019-20 ISBN 9781912386192
    Published May 2019
    Claritax Books
    Out of print
    A-Z of Plant & Machinery 2019-20 ISBN 9781912386215
    Published May 2019
    Claritax Books
    Out of print
    £80.00
    Out of print
    Personal Representatives: A Guide for Tax Practitioners ISBN 9781912386116
    Published March 2019
    Claritax Books
    Out of print
    Stamp Duty Land Tax: A Practical Guide 6th ed ISBN 9781912386178
    Published March 2019
    Claritax Books
    Out of print
    Discovery Assessments: How to Challenge Them 2nd ed ISBN 9781912386161
    Published February 2019
    Claritax Books
    £85.00
    Managing Risk: A Guide for Accountants and Tax Advisers ISBN 9781912386130
    Published February 2019
    Claritax Books
    £40.00
    Employment Status: A Tax Guide 4th ed ISBN 9781912386024
    Published January 2019
    Claritax Books
    £85.00
    Employee Share Schemes: Equity Reward for Private Companies ISBN 9781912386031
    Published July 2018
    Claritax Books
    £85.00
    Financial Planning with Trusts 2018-19 ISBN 9781912386109
    Published July 2018
    Claritax Books
    Out of print
    Capital Allowances: 2018-19 ISBN 9781912386055
    Published July 2018
    Claritax Books
    Out of print
    A-Z of Plant & Machinery 2018-19 ISBN 9781912386062
    Published July 2018
    Claritax Books
    Out of print
    Enterprise Investment Scheme and Other Venture Capital Reliefs ISBN 9781912386048
    Published May 2018
    Claritax Books
    £85.00
    VAT Registration: Unravelling the Complexities 2nd ed ISBN 9781912386000
    Published February 2018
    Claritax Books
    £60.00
    Construction Industry Scheme: Guidance and Commentary 2nd ed ISBN 9781908545954
    Published November 2017
    Claritax Books
    Out of print
    Furnished Holiday Lettings: A Tax Guide 3rd ed ISBN 9781908545732
    Published June 2017
    Claritax Books
    Out of print
    Residence: The Definition in Practice 3rd ed ISBN 9781908545817
    Published January 2016
    Claritax Books
    Out of print
    Research and Development: Maximising the Tax Relief ISBN 9781908545619
    Published December 2014
    Claritax Books
    Out of print
    Tax Chamber Hearings: A User's Guide 3rd ed ISBN 9781908545527
    Published April 2014
    Claritax Books
    Out of print
    PAYE: A Practical Guide 2012-13 ISBN 9781908545176
    Published October 2012
    Claritax Books
    Out of print
    Capital Allowances for Fixtures: 2012-13 ISBN 9781908545152
    Published April 2012
    Claritax Books
    Out of print