Q&A: second property tax and spousal transfers

In this week’s Q&A, Croner-i tax consultant David Woolley, explains the tax implications of principal private residence relief when transferring property between married partners

I have a client who transferred a property which was her previous private residence before marriage into joint names with her husband in 2018 after they were married. They had already acquired a new marital home some years previously. This was not the couple’s main residence at the time of the transfer which I understand means he does not inherit her principal private residence (PPR) relief history.

If, before a sale, they transfer the property back into the wife’s sole name is it possible to regain the PPR that has been lost?

Unfortunately not.

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