The following Private Client Q&A provides comprehensive and up to date legal information covering:
We have assumed that: An individual P, builds a house, Property B in the grounds (the permitted area) of the house, Property A, in which P is living. P sells Property B without ever having lived in it.
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If an individual builds a property (Property B) in the grounds (the permitted area) of the house in which they live (Property A) and then sell Property B, will Property B qualify for PPR relief? How would the capital gain be calculated? If instead the individual moves from Property A into Property B, demolishes Property A and builds a new home in its place (Property C) and sells Property C, will Property C qualify for PPR relief? How would the capital gains be calculated? What if the individual moved into Property C and sold Property B instead (having lived in it whil
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