AITI Chartered Tax Adviser

Gift of dwellinghouse

Published on

CATCA 2003 s 86 dwelling house relief is being amended (Finance Bill 2016 Committee Stage) so that it no longer applies to gifts of dwelling houses, unless to a dependent relative:
(5) For the purposes of subsection (4), a dwelling house shall not be regarded as a relevant dwelling house where it is taken—
(a) by way of a gift, other than where it is taken by a dependent relative under subsection (9), or
(b) under a disposition referred to in paragraph (c) of section 3(1).

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