Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Mon, 05 Aug 2024 23:15:34 GMT by Kcg32
The house I own was used as a family home and was my main residence between June 1986 - January 2023, I then moved out of the property in Jan 2023, my daughter has occupied the property since Jan 2023 on her own. the house was sold with completion this month, I would be eligible for private residence relief up until Jan 2023, as my daughter has occupied the property since Jan 2023 would this also be eligible for private residence relief as family member has lived in the house? Also when submitting your CGT for private residence relief how much evidence documents do you need to provide to HMRC? Thank you
Posted Thu, 08 Aug 2024 07:21:06 GMT by HMRC Admin 25
Hi Kcg32,
Your daughter is not a dependant relative and her time on the house is not eligible for you to claim private residence relief.
You would be due this up to Janury 2023 when you left, plus a further 9 months.
You do not need to provide documents at the time but you should provide your calculations on how you have worked out the relief.
You may be asked at a later date to provide evidence.
Thank you. 
Posted Sat, 24 Aug 2024 10:20:19 GMT by Kcg32
Thank you for confirming, I have one other question please, as I purchased the property a number of years ago 1986, I'm having trouble finding the exact cost of solicitors fees I paid at the time I purchased the house, what would you suggest if I don't manage to find the exact cost? Would I need to put £0?
Posted Sat, 24 Aug 2024 10:36:26 GMT by Kcg32
One other question which may seem silly but need to clarify, when adding solicitor fee deductions to a cgt property calculation do I use the cost without VAT or with VAT?
Posted Tue, 03 Sep 2024 10:51:26 GMT by HMRC Admin 10 Response
Hi
You would need to provide your best estimate - please see Capital Gains Manual CG-APP18-250, Section 2.5.3: 2.5.3 Have any of the amounts in this return been estimated?
Posted Fri, 06 Sep 2024 08:09:04 GMT by HMRC Admin 20 Response
Hi,
You use the cost with VAT.
Thank you

You must be signed in to post in this forum.