The Tax Appeals Commission has ruled that a beneficiary inheriting the family home together with an interest in four other residential properties as part of the same inheritance is entitled to claim dwelling house exemption. As the date of inheritance was prior to the S52 Finance Act changes to Dwelling House Exemptions, the changes did not affect ruling in this case and certain facts of this case were distinguishable. The ruling may be subject to appeal. To read the case, see here.
