2007-11-19 09:34:38 · 4 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Short answer - Yes
2007-11-19 10:48:15 · answer #1 · answered by stepthrough 2 · 0⤊ 0⤋
Your matrimonial home is decided by being the place you have lived most recently and usually for two years. I presume your question relates to CGT in which case it can pay to move into the larger property for two years and then sell that to keep CGT down.
If you are worried about IHT and you are non domiciled ie were not born in the UK then there is a complicated set of rules where they could establish you as resident if you have lived here for 17 years or have visited the UK for a certain number of days each year for the past few years.
If you have two properties then get expert tax advice or you chance losing a considerable sum.
2007-11-19 17:43:05 · answer #2 · answered by Anonymous · 0⤊ 0⤋
They can ask you to provide proof that you actually lived there most of the time - that's usually defined as where you spend your nights.
2007-11-19 19:05:08 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
who is the I.R.??? are you referring to the IRS???
2007-11-19 17:43:16 · answer #4 · answered by Steve W 2 · 0⤊ 0⤋