Beta This part of GOV.UK is being rebuilt – find out what beta means

HMRC internal manual

Capital Gains Manual

Private residence relief: availability of relief

The relief is only available on disposals made by

  • individuals, TCGA92/S222(1)
  • trustees of settled property, TCGA92/S225, see CG65400+ and
  • personal representatives, TCGA92/S225A, see CG65460.

Relief is not available

  • on a disposal by a company
  • on a disposal on or after 10 December 2003 if the Capital Gains Tax acquisition cost of the property is reduced by gift hold-over relief under TCGA92/S260 (see CG67030+) in relation to an earlier disposal which took place on or after 10 December 2003 (see CG64933 (individuals) and CG65440 (trustees)).

Relief may be restricted

  • on a disposal on or after 10 December 2003 if gift hold-over relief is claimed on a disposal before 10 December 2003 (see CG64920 (individuals) and CG65441 (trustees)).