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Where Taxpayers and Advisers Meet

PPR extended relief

Peter D
Posts: 10668
Joined: Wed Aug 06, 2008 3:37 pm

Re: PPR extended relief

Postby Peter D » Wed Nov 09, 2011 9:25 am

The wife has not lived in the property as an owner so a nomination would not be valid. I ask again, how was a share of this property transferred to W. Regards Peter

Posts: 112
Joined: Wed Aug 06, 2008 3:31 pm

Re: PPR extended relief

Postby Brightonian » Wed Nov 09, 2011 10:41 am

I realise that the nomination would not be valid. We are visiting the client later this week and will inspect all the documentation. But, having spoken to a CGT specialist just now, I do not expect this approach to work. My feeling is that the transfer stands and we will simply have to bite the bullet. Fortunately, we are not talking about a mansion in Belgravia but a small flat in Birmingham. Fortunately, also the wife is not a higher rate taxpayer. So the damage could be a lot worse. I thank you for your help but it looks as though the matter is now closed.

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