PPR for CGT denied where house demolished and replaced (First-tier Tribunal) | Practical Law

PPR for CGT denied where house demolished and replaced (First-tier Tribunal) | Practical Law

Capital gains tax principal private residence relief (PPR) was denied by the First-tier Tribunal where a house was demolished and replaced.  The new and original houses were not the same dwelling-house for the purposes of PPR.  (Gibson v HMRC [2013] UKFTT 636 (TC).)

PPR for CGT denied where house demolished and replaced (First-tier Tribunal)

Practical Law UK Legal Update Case Report 8-549-1466 (Approx. 5 pages)

PPR for CGT denied where house demolished and replaced (First-tier Tribunal)

by Practical Law Private Client
Published on 21 Nov 2013 • United Kingdom
Capital gains tax principal private residence relief (PPR) was denied by the First-tier Tribunal where a house was demolished and replaced. The new and original houses were not the same dwelling-house for the purposes of PPR. (Gibson v HMRC [2013] UKFTT 636 (TC).)