CGT—PPR relief for UK residents with overseas dwellings and non-UK residents with UK dwellings
Produced in partnership with Alison Cartin of Bryan Cave Leighton Paisner
CGT—PPR relief for UK residents with overseas dwellings and non-UK residents with UK dwellings

The following Private Client practice note Produced in partnership with Alison Cartin of Bryan Cave Leighton Paisner provides comprehensive and up to date legal information covering:

  • CGT—PPR relief for UK residents with overseas dwellings and non-UK residents with UK dwellings
  • Principal private residence relief: the basics
  • Capital gains tax and non-residents disposing of UK residential property
  • Pre-6 April 2015
  • From 6 April 2015
  • Restriction of PPR relief post-5 April 2015
  • Day count test
  • Interaction of PPR day count test and UK statutory residence test
  • Interaction of permitted absences reliefs and the restriction of PPR relief
  • Election under s 222 TCGA 1992
  • More...

CORONAVIRUS (COVID-19): CIOT has asked the government to consider delaying changes to principal private residence relief (PPR) (which are due to take effect from 6 April 2020 once the Finance Bill 2020 gets Royal Assent) to take account of the impact of coronavirus (COVID-19) on the property market. See LNB News 03/06/2020 46 and CIOT calls for government to reconsider timing of property sales tax change in light of COVID-19.

Principal private residence relief (PPR relief) exempts part or all of the gain realised on the disposal of an individual’s dwelling-house from capital gains tax (CGT) if the dwelling–house has been their only or main residence at some point during their period of ownership.

UK resident taxpayers can claim PPR relief on the disposal of a UK residence or a non-UK residence. Non-UK resident individuals can claim PPR relief on the disposal of a UK dwelling-house.

From 6 April 2015, an individual’s residence will not be eligible for PPR relief for a tax year unless the individual:

  1. was resident in the country in which the dwelling-house is located in that tax year; or

  2. spent at least 90 nights in the dwelling-house (or dwelling-houses in the same country) in the tax year

Principal private residence relief: the basics

Gains realised on the disposal of an individual’s dwelling-house are, generally, exempt from CGT if the dwelling–house has been their only or

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