Policy paper

Private residence relief: Budget 2018 brief

Budget 2018 announced changes to two of the ancillary reliefs in Private Residence Reliefs, specifically those that that provide relief on rented property and on gains made in the final period of ownership, regardless of occupancy.

• From: HM Treasury
• Published: 29 October 2018

This was published under the 2016 to 2019 May Conservative government

Documents

Private Residence Relief: Budget 2018

PDF, 555 KB, 1 page

Details

From April 2020, lettings relief will be reformed so that it is only available to those who are in shared occupancy with a tenant. The final period exemption will be reduced to nine months.

This document sets out the rationales for changing the reliefs and further detail on the changes.

Published 29 October 2018