Policy paper

Private residence relief: Budget 2018 brief

Budget 2018 announced changes to two of the ancillary reliefs in Private Residence Reliefs, specifically those that that provide relief on rented property and on gains made in the final period of ownership, regardless of occupancy.



From April 2020, lettings relief will be reformed so that it is only available to those who are in shared occupancy with a tenant. The final period exemption will be reduced to nine months.

This document sets out the rationales for changing the reliefs and further detail on the changes.

Published 29 October 2018