Tax with Tallon: Topical tax PPR and civil partners

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Paula Tallon, director of direct tax with Chiltern, responds to accountants' queries.

Question

I have acted for my client for the last 10 years and during that time he has resided at Wells House. Last year he entered into a civil partnership with Martin and shortly afterwards he transferred a 50% stake in the property to him. Martin had lived with him for 2 years before that. They are now looking at selling the property but I am concerned that Principal Private Residence (PPR) relief may not be available. Under s 58 TCGA 1992 the transfer was at no gain/no loss but what about the PPR relief? Will the capital gain made on the disposal of Martins interest in the property qualify for PPR? Should I ad...

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