Commentary

C3.1712 Alterations to a main residence and changes in its use

Capital gains tax
Capital gains tax | Commentary

C3.1712 Alterations to a main residence and changes in its use

Capital gains tax | Commentary

C3.1712 Alterations to a main residence and changes in its use

Alterations to the property or changes in its use can result in private residence relief being adjusted. The adjustment must be just and reasonable1.

The adjustment must be made where, at any time in the period of ownership, there is a change in what is occupied as the individual's residence due to2:

  1.  

    •     a reconstruction or conversion of a building, or

  2.  

    •     use of part of the house for the purpose of a trade or business, or of a profession or vocation, or

  3.  

    •     for any other purpose

This is a

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