Only or main residence

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A married couple purchased a six-bedroom house and other buildings as well as a nearby three-bed cottage which all together surround a courtyard. The cottage had previously been transferred to the wife and used as additional accommodation and some lettings

MJ and BA Harte (TC1951)

A J Clarke (TC1461)

On his death, a client left the matrimonial home to his widow. However, his widow was already living in a nursing home so it was not her only or main residence after acquisition

PAUL BENNEY considers the tax aspects of selling land

Martin Benford (TC1309)

D Lowrie (TC1170)

Do some of your clients change dwelling house as though moving from one oasis to another? RICHARD CURTIS warns that tax relief can dry up suddenly

A husband and wife own a property jointly, but a second property has recently been purchased solely in the husband’s name. The husband and wife will both live for part of the week in one property and part in the other

An 80-year-old widower has gifted a 99% interest in his only or main residence to his daughter who lives with him. The father will continue to pay all of the outgoings on the property

Gold investment; wills and CGT implications; inheritance and CGT shares; and family loan agreements

A barn is purchased and several years later it is converted to a dwelling that is then used as a main residence. Most of the gain relates to the increase in value of the dwelling.

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