CG12614 - Exemptions: only or main residence

TCGA92/S223 (1)

The gain accruing on the disposal of a private residence is not a chargeable gain if the property

• has been the owner’s only or main residence throughout the period of ownership, and
• it has not been used for any other purpose, and
• the entire plot is less than half a hectare.

See CG64200+ for a detailed analysis of the relief and the circumstances in which partial relief is available.