Readers forum: Dependent relative relief

Before 5 April 1988 a father bought a house as his only and main residence.

In 2011 he transferred a 50% interest to his children. In 2015 the father died and he left his remaining half share in the property to the three children. The property was sold in 2019.

Two of the children lived in the house with their father and they continued living there until the property was sold. However one child never lived in the property after the original transfer of the 50% share to her and her two siblings. Will she receive capital gains tax dependent relative relief on her share of the gain?

I hope Taxation readers can advise.

Query 19 519 – Dutiful.

Reply by Goston

Did a dependent relative live in the property before April 1988?

When capital gains tax was introduced...