Q&A: tax and principal private residence relief

In this week’s Q&A, Croner-i tax adviser Kabita Tank, explains the capital gains tax rules when considering a transfer under the principal private residence relief (PPR) regime

My clients are a married couple. The wife owns a property that used to be her principal private residence and it is now rented out. She wants to transfer 50% of the property to her husband for income tax purposes. How will it affect the principle private residence relief (PPR)?

Prior to 6 April 2020, the transferee had to be living in a property as their PPR to inherit the PPR history of the transferor.

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