CG64204 - Private residence relief: availability of relief

The relief is only available on disposals made by

• individuals, TCGA92/S222(1) (but see below for disposals on or after 10 December 2003),
• trustees of settled property, TCGA92/S225, see CG65400+ (but see below for disposals on or after 10 December 2003) and
• personal representatives, TCGA92/S225A, see CG65470+.

Relief is not available

• on a disposal by a company
• on a disposal on or after 10 December 2003 if the acquisition cost of the property (for CGT purposes) 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 CG65405 (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 CG65405 (trustees)).