CG65405 - Private residence relief: rules for disposals made on or after 10 December 2003: trustees

• If the disposal is made on or after 10 December 2003 the trustees must claim relief.
• The trustees cannot claim relief on a disposal (the later disposal) if the acquisition cost of the property has been reduced by a gift hold-over relief claim under TCGA92/S260 made by any person on an earlier disposal. See CG65406A to CG65406C.
• Special transitional rules may allow some private residence relief to be claimed by the trustees if gift hold-relief under TCGA92/S260 is given in respect of a transfer to the trustees which was made before 10 December 2003 (see CG65406D).
• There is an exception to the new rules in the case of funds for the maintenance of historic buildings (see CG65407).