CG65407 - Private residence relief: settled property: disposals on or after 10 December 2003: settlements for the maintenance of historic buildings – exception to the general rules

TCGA92/226B provides that the rules denying private residence relief in relation to a later disposal by the trustees of a settlement do not apply where a relevant earlier disposal has been made in a tax year in respect of which an election has been made by the trustees for income of the settlement, or any part of it, to be applied for the maintenance of an historic building.