Commentary

C3.1714 PPR and lettings relief for a property held at 31 March 1982

Capital gains tax
Capital gains tax | Commentary

C3.1714 PPR and lettings relief for a property held at 31 March 1982

Capital gains tax | Commentary

C3.1714 PPR and lettings relief for a property held at 31 March 1982

The computation of the exempt gain on the disposal of a dwelling house not occupied throughout the period of ownership as the disposer's only or main residence is modified where the dwelling house was held at 31 March 1982. For disposals after 5 April 1988, only periods falling after 30 March 1982 are taken into account in the apportionment of gains under TCGA 1992, s 223(2)1.

However, even if owner-occupation of the dwelling house ceased before 31 March 1982, there is still a measure of exemption because

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