Newth Talks Tax: Capital Gains 'letting relief' and main residence

Posted by AccountingWEB PM | on Mon, 28/04/2008 - 10:00  4470

Capital Gains 'letting relief' and main residence

Alex Goracy introduced a case concerning a client, who inherited a property in 1995. Soon after acquisition the property was occupied by an aged relative rent-free. However, the relative was responsible for all repairs and utilities etc. until their death in 2001.

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