My client has moved into a house owned by his adult daughter (not her PPR) and he has made substantial improvements which have significantly increased the value of the property. My client and his daughter propose to enter into a lease of approximately 25 years "rent free". Is there any tax implications on the daughter? e.g. is the improvements deamed consideration for lease premium for CGT or deamed rent for income tax?
8th Oct 2021
Tax implications of lease between connected person
Tenant makes substantial improvements to daughters house for rent free occupation.
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