Exemptions: only or main residence
The gain accruing on the disposal of a private residence is not a chargeable gain if the property
- has been the owner’s only or main residence throughout the period of ownership, and
- it has not been used for any other purpose, and
- the entire plot is less than half a hectare.
See CG64200+ for a detailed analysis of the relief and the circumstances in which partial relief is available.