Q&As

A property is held in equal shares by the trustees of a life interest trust and an individual, A, the life tenant under the trust. A is also the sole registered owner of the property. What are the capital gains tax implications for the trustees and A of selling the property and replacing it with another property?

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Published on LexisPSL on 29/10/2018

The following Private Client Q&A provides comprehensive and up to date legal information covering:

  • A property is held in equal shares by the trustees of a life interest trust and an individual, A, the life tenant under the trust. A is also the sole registered owner of the property. What are the capital gains tax implications for the trustees and A of selling the property and replacing it with another property?
  • Principal private residence relief
  • Hold-over relief

In this Q&A it has been assumed that the property is the principal private residence of the life tenant of the trust.

Principal private residence relief

Both the trustees and the life tenant may be able to claim principal private residence (PPR) relief in respect of gains arising from the sale of the p

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