09 June 2005
I would appreciate advice regarding the potential claim to the capital gains tax dependent relative residence relief for my client, D. His aunt,Mrs C, purchased her main residence in January 1986 for £26,000; she was 66 at that time. On 25 August 1987, she gifted the property — then worth £30,000 — to her two nephews, D and his brother N, in equal shares. On 26 August 1987, D and N granted Mrs C a 35-year lease on the property for a rent of £5 a year. In March 1997, D purchased his brother's half-share in the property for £23,000.
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
