»Ê¹ÚÌåÓýapp

»Ê¹ÚÌåÓýapp content in this manual covers a much higher level of detail compared to say a Helpsheet supporting the Self Assessment Tax Return.ÌýIf you are looking for an introduction to the main rules for the relief for a particular year, please see theÌýPrivate Residence Relief (Self Assessment helpsheet HS283)Ìýon GOV.UK and select the year you are considering.

Private residence relief is given byÌýs222ÌýTCGA92ÌýtoÌýs226ÌýTCGA92.Ìý»Ê¹ÚÌåÓýapp purposeÌýof the relief is to enable a person to replace their existing home with another home of similar value by ensuring that the proceeds of sale of the old home are not diminished by a charge to Capital Gains Tax. So in most cases the gain arising on the disposal of a person's home is relieved from Capital Gains Tax.Ìý

Private residence relief is available where a gain arises from the disposal of an interest inÌý

• dwelling-house, orÌý
• part of aÌýdwelling-houseÌý

which has at some time been its owner’s only or main residence, byÌýs222Ìý(1)(a),ÌýTCGA92 (seeâ€�CG64230+), orÌý

• the garden or grounds of that residence up to the permitted area, byÌýs222Ìý(1)(b),ÌýTCGA92 (seeâ€�CG64350+).Ìý

A residence which is outside the United Kingdom may qualify for relief if the conditions in this guidance are met.Ìý

»Ê¹ÚÌåÓýapp garden or grounds includes the buildings standing on that land, seeÌýs288ÌýTCGA92. So a building which is not part of theÌýdwelling-houseÌýcan still qualify for relief if it is within the permitted area of garden or grounds.Ìý