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HMRC internal manual

Capital Gains Manual

HM Revenue & Customs
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Private residence relief: settled property: religious communities


A gain accruing to a religious community on the disposal of a monastery, nunnery, or similar establishment may attract relief under TCGA92/S225. Such institutions are usually taxed as unincorporated associations. But in many cases the assets of the community are held on trust for its members.

If the trust is not a `bare trust’, see CG34300+, the assets of the community will be settled property. In these circumstances the monastery, nunnery or similar institution occupied as the only or main residence of the community members will qualify for relief under TCGA92/S225. The members of the community should be regarded as entitled to occupy under the terms of the settlement. The extent of the garden or grounds which can qualify for relief is considered at CG64850.