Commentary

I4.538 Chargeable gains and PPR relief

IHT, trusts and estates

I4.538 Chargeable gains and PPR relief

I4.538 Chargeable gains and PPR relief

There is a general exemption from CGT on a disposal of a principal private residence1 (see I3.213). This is commonly known as principal private residence (PPR) relief.

Given that there is a CGT base value uplift in the value of a deceased's assets this exemption is not important on death.

However, relief from CGT is also given where personal representatives (PRs) dispose of a house which before and after the deceased's death had been used by an individual or individuals who under the Will or intestacy are entitled to at least 75% of the net

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