Private residence relief: exchanges of interests: disposals on or after 6 April 2010: roll-over relief
Where the relevant conditions are met then the landowner and the co-owner or co-owners may make a joint claim for relief. The time limit in TMA70/S43 applies, see CG60600.
The exchange shall be treated -
- as if the consideration for the disposal of the relinquished interest in the dwelling-house was an amount giving no gain and no loss, and
as if the acquired interest had been acquired -
- at the time it was originally acquired jointly, and
- for the same allowable costs as would have been allowed in computing a gain on a disposal by the co-owners.