INTERACTION OF PPR AND S260 HOLDOVER RELIEF
The trustees of a discretionary trust have transferred a residential rental property to a beneficiary and held over the arising gain under s260 TCGA1992. There was no holdover claim made when the property was transferred into the trust ten years ago. The beneficiary plans to live in the property for a few years and is then likely to sell it. Will he be entitled to claim Principal Private Residence Relief (PPR) on the eventual disposal?
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