Tag Archives: PPR relief

PPR relief: Three (refusals) in a row!

Principal private residence (PPR) relief for capital gains tax purposes is available on most disposals by individuals of their dwelling-house. The assumption is normally that any capital gain will be subject to PPR relief. Unfortunately, this assumption is not always correct. Is it ‘occupied’? PPR relief broadly applies to gains accruing to individuals on the… Read More »

PPR relief: Evidence is key!

Most individuals owning a house will be aware of the principal private residence (PPR) relief rules for capital gains tax purposes. The PPR rules require that the dwelling has been occupied as the individual’s only or main residence at some point during their period of ownership (TCGA 1992, s 222(1)). Two fundamental requirements sometimes overlooked… Read More »

PPR relief: A ‘residence’ or a quick profit?

The principal private residence (PPR) relief rules for capital gains tax purposes require a dwelling to have been a ‘residence’ of the individual to whom the gain accrues (TCGA 1992, s 222(1)). What is a ‘residence’? The term ‘residence’ is not defined in the PPR relief legislation. However, case law indicates that the requirement for… Read More »