Facts
- Principal residence relief (PRR) under UK tax law exempts certain gains from CGT when a taxpayer sells their main home.
- The definition of “main residence” is not explicit in statutory law and depends on factual and personal circumstances.
- S Bailey owned two properties and claimed PRR on the sale of one property.
- HMRC argued that Bailey’s main home was the other property, relying on the amount of time spent there.
- The First-tier Tribunal examined both factual details—such as time spent at each property, frequency and consistency of use, and the location of personal items—and Mr. Bailey’s personal circumstances, including his intentions, reasons for using each property, expected stays, and plans.
- The Tribunal ultimately decided in Bailey’s favor, finding that a balanced review of factual and personal factors confirmed the claimed property as his main home.
Issues
- Whether the property sold by Mr. Bailey was his main residence for the purposes of principal residence relief under CGT rules.
- Whether factual details alone (such as time spent at each property) suffice to determine main home status, or if personal circumstances and intentions must also be considered.
- What evidential and evaluative steps are required to establish a property as a taxpayer’s principal residence in disputes over PRR.
Decision
- The Tribunal found that a proper determination of “main residence” requires consideration of both factual occupancy and personal circumstances.
- The Tribunal accepted Mr. Bailey’s claim that the sold property was his main home, emphasizing his reasons, intentions, and supporting evidence over HMRC’s focus on quantitative time spent.
- The decision confirmed the importance of an overall review rather than relying solely on measurable factors.
Legal Principles
- Section 105 of the Taxation of Chargeable Gains Act 1992 establishes PRR but does not define “main residence,” requiring tribunals to identify it based on facts and personal circumstances.
- Factual factors include time spent, frequency and consistency of use, and location of personal effects.
- Personal circumstances—such as reasons for residence, intentions, and future plans—are critical in determining the main home.
- A combination of clear factual evidence and contextual personal factors is necessary; neither in isolation is sufficient.
Conclusion
The tribunal in S Bailey v HMRC [2017] UKFTT 658 held that identifying a taxpayer’s main residence for PRR purposes necessitates a comprehensive, fact-specific inquiry that considers both objective occupancy data and the taxpayer’s intentions and reasons for residence. Each case must be decided on its individual facts, and both robust records and clear evidence of the taxpayer’s circumstances are essential for a fair outcome.