Capital Gains Tax: Principal Private Residence Relief

The “final period exemption” for Principal Private Residence Relief (PPR) has been reduced from 5 April 2014 from 36 months to 18 months.

11 July 2014

The “final period exemption” for Principal Private Residence Relief (PPR) has been reduced from 5 April 2014 from 36 months to 18 months. This relief allows homeowners to claim PPR in full despite having moved out prior to the sale. Previously, a person could not live at a property for three years before sale and still claim the relief in full, but now this period has been reduced to 18 months.

For more information please contact Claire Conlon.

Key contact

John Barnett

John Barnett Partner

  • Head of Private Client Services
  • Head of Partnerships
  • Tax

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