Private Residence Relief – potentially costly traps for those with more than one home
Tom May considers the complications multiple properties and periods away can bring and the impact on Private Residential Relief.
Tom May considers the complications multiple properties and periods away can bring and the impact on Private Residential Relief.
Principal Private Residence Relief (PPR) is a relief that enables homeowners to sell their homes without having to pay capital gains tax (CGT). However, in order to claim the relief, the property must be the main residence of the person selling the property.