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Posted Mon, 11 Sep 2023 08:54:22 GMT by
Please can you help with this query. I owned 10% in a property by way of a declaration of trust with my daughter. My daughter lived in the property, can I therefore claim the same residency relief as my daughter for the period that she lived there, or do I have to work my relief out separately base on my own individual circumstances? Many thanks Kt
Posted Mon, 18 Sep 2023 15:52:36 GMT by HMRC Admin 10 Response
Hi
Please note that your Capital Gains tax calculation should be based on your own personal circumstances, and on your 10% ownership share of the property.
HS283 Private Residence Relief (2021)                           
Tax when you sell property

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