Moore and the Main Residence Exemption

    September 2013

    If you are thinking of claiming the CGT exemption for an only or main residence, you might need to think again.

    The recent case of Piers Moore v HMRC [2013] UKFTT 433 (TC) (see ‘Cases’, Tax Journal, dated 20 September) is the latest in a line of cases on this exemption and the argument now is not so much about whether a property is a taxpayer’s main residence, but whether it is ‘a residence’ at all. On the interpretation which has developed, this is becoming very difficult indeed.

    Article first published in Tax Journal - 27 September 2013