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Document Description
The document titled 'Private Residence relief (UK)' is an application for private residence relief for tax purposes in the UK. The document is addressed to the HM Inspector of Taxes at HM Revenue & Customs. It begins with the account holder's personal information, including their first name, last name, address, telephone number, and email address.
The purpose of the document is to nominate the property owned by the account holder as their main residence for the purpose of private residence relief, as defined in section 222(5) of the Taxation of Chargeable Gain Act 1992. The account holder is writing to inform the tax authorities about their intention to claim this relief.
The document mentions a settlement dated 'datetrust' between the settler and trustees, where the beneficiary of the settlement is the rightful occupier of the property. The account holder states that the nomination of the property as their main residence will take effect from the date of the letter.
The document concludes with a request for the tax authorities to acknowledge receipt of the letter.
In summary, the document is an application for private residence relief, providing the necessary information and stating the intention to nominate the property as the account holder's main residence.
How to use this document?
To use the 'Private Residence relief (UK)' document, follow these steps:
1. Fill in your personal information: Enter your first name, last name, address, telephone number, and email address in the designated fields.
2. Address the letter to the HM Inspector of Taxes: Make sure to address the letter to the appropriate authority at HM Revenue & Customs.
3. State the purpose of the letter: Clearly state that you are nominating your property as your main residence for the purpose of private residence relief.
4. Provide relevant details: Mention the settlement date and the parties involved, including the settler, trustees, and beneficiary.
5. Specify the effective date: State that the nomination will take effect from the date of the letter.
6. Request acknowledgment: Ask the tax authorities to acknowledge receipt of the letter.
By following these steps, you can properly complete and submit the 'Private Residence relief (UK)' document to claim private residence relief for tax purposes in the UK.
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