If you sell part of your home to a friend and that person moves in and a share of the property is transfered into their name is the sale covered by principle private residence relief?
Just then thinking ahead, if you both sell the property at a later date and you have both lived in the property can you then claim exemption under principle private property relief?
Any thoughts would be gratefully recieved, my initial gut feeling is that prinicle private property relief would apply.
Replies (2)
Please login or register to join the discussion.
Why not?
I see no problem in either scenario. What is being sold in both cases is an interest in a PPR.