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HMRC internal manual

Capital Gains Manual

HM Revenue & Customs
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Exemptions: only or main residence

TCGA92/S223 (1)

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.