bbill72

My Parents rented a council house from 1963 to 1993, they then purchased it. In 1996 the title was transferred to myself and my brother (who both also lived in the property from 1963 to 1983) . My parents continued to live in the property rent free until they died Jan 2021 and May2023. Dependant relative relief says " where a dwelling was occupied by a dependant relative at 5 April 1988 and the relative continues to live there, the property will attract main residence relief on a sale when that residence comes to an end, by virtue of section 226" Does that mean even though the property was purchased after 1988, because the dependant occupied the property dependant relative relief can be claimed ?