Gordon Gekko
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Probably worth highlighting that the Dwelling House Exemption was massively restricted today in a change to the Finance Bill.
It facilitated the tax free transfer of a residential property.
With the caveat that I have not had time to review the legislation in detail, the exemption can now only apply in circumstances where the actual family home (i.e. where the donor lives) is inherited by a person who also lives there.
It facilitated the tax free transfer of a residential property.
With the caveat that I have not had time to review the legislation in detail, the exemption can now only apply in circumstances where the actual family home (i.e. where the donor lives) is inherited by a person who also lives there.