Q&A: PPR, tax and property in trust

In this week’s Q&A, Kiya Jacobs, tax advice consultant at Croner-i, explains the tax implications of principal private residence relief when considering the sale of a property in trust

I am acting for an interest in possession trust that owns residential property that the life tenant occupied as their main residence for the whole period that it was in the settlement.

The life tenant has moved into a care home recently and the trustees are thinking of selling the property but are concerned with any capital gains tax that may arise here. Would the trustees be able to claim principle private residence relief for the full period?

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