A taxpayer who sold land on her Lincolnshire property for £300,000 is entitled to claim principal private residence relief (PPR), a tribunal has ruled.
Gabelle said that the case [Anne Dickinson V Commissioners for HMRC, TCO3037] shows that the use of the land can change over the period of ownership, which can have tax implications.
PPR enables individuals can sell their main residence without paying capital gains tax liability. Taxpayers with more...
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