Capital Gains Tax – Sections 222 and 224(3) TCGA 1992 – Whether dwelling houses were purchased as part of a trade or venture in the nature of trade and whether income tax should be chargeable – no – Whether the gains on the sale of the properties are capital gains – yes – Whether the Appellant was residing in job-related accommodation – no – Whether the properties were the Appellant’s main residence – no – Whether the Appellant is therefore entitled to Principal Private Residence Relief on the disposal of properties – no – Appeal dismissed
Citations:
[2022] UKFTT 46 (TC)
Links:
Jurisdiction:
England and Wales
Capital Gains Tax
Updated: 25 April 2022; Ref: scu.675647