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PRIVATE RESIDENTIAL RELIEF

Posted Mon, 02 Oct 2023 11:07:00 GMT by
My husband gifted me a property in which he lived for 15 years, At the time of transfer we were not living in that property and let it out. Am I correct in thinking that because the transfer happened after 6 April 2020 my husband's private residential relief also passes on to me? If Yes, can I then use the private residential relief in my calculation for CGT purposes if I decide to 'part dispose' of the property and become joint tenants with my child?
HMRC Admin 20 Response
Posted Fri, 06 Oct 2023 09:41:56 GMT by HMRC Admin 20 Response
Hi Jo.b,

That is correct.

Thank you.

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