What’s New to Private Residence Relief - Live at Your Desk
From April 2020, a number of changes to private residence relief are expected which practitioners advising in this area need to be aware of - particularly since many of these changes will increase your clients’ tax bills.
An additional pressure is that any changes are expected to take effect at the same time as the new rules requiring any tax to be calculated, reported and paid within 30 days of completion.
In addition to legislative changes, this live broadcast session will cover a number of cases from 2019 involving private residence relief claims. This will include examples where claims have been unsuccessful, and the final position in Higgins, a long running case concerning the off-plan purchase of a London flat.
The session is aimed at accountants and tax practitioners who advise clients looking to claim private residence relief after April 2020.
What You Will Learn
This live and interactive session will cover the following:
- The Latest Changes to Private Residence Relief (PRR) Legislation Including:
- The restriction in final exemption period and who will be most affected
- Who is entitled to letting relief from April 2020, and areas of uncertainty
- Why some extra statutory concessions may no longer work quite as expected
- Changes to the rules for inter-spouse transfers of residential property
- Case Law From 2019
- When does a residence qualify for PRR - the cases where PRR claims failed in 2019
- PRR and off-plan purchases - the final outcome of Higgins
Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.