Private residence CGT relief available where intention to move to another property

Table of contents

• Capital gains tax – private residence relief
• Permanence and continuity
• Mr and Mrs Regan – intention to move elsewhere
• Their son – spending time at girlfriend’s flat

Article summary

Private residence relief was available on a chargeable gain on the sale of two properties. One qualified as the only or main residence of the individuals involved despite the fact that they intended to move into another property once renovations were finished. The other qualified, despite the fact that the owner spent time at his girlfriend’s flat.