Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Capital gains tax definition

What does Capital gains tax mean? Capital gains tax (CGT) is the tax on the profit (chargeable gain) realised when a chargeable asset is disposed of, for example by sale, gift or exchange of shares, land or a business. The concept and computation are statutory: in the UK, principally the Taxation of Chargeable Gains Act 1992; in Ireland, the Taxes Consolidation Act 1997. CGT primarily applies to individuals and trusts. In the UK, companies do not pay CGT; their gains are within corporation tax. In Ireland, companies are generally taxed on chargeable gains under corporation tax, typically at the CGT rate. Key features include an annual exempt...

UK CGT: PPR relief for cross-border residences - post-2015 non-resident CGT, day count test, SRT, permitted absences, main residence elections, and remittance basis abolition

Published by a LexisNexis Private Client expert

Practice notes

Principal private residence relief (PPR relief) removes some or all of the gain arising on the sale or disposal of an individual’s dwelling-house from Capital gains tax (CGT) where the property was their sole or principal residence at any time during their Ownership period.

UK-resident taxpayers may claim PPR relief on the disposal of a UK or a non-UK residence. Individuals who are not UK resident may claim PPR relief on the disposal of a UK dwelling-house.

From 6 April 2015, a residence will not qualify for PPR relief in a tax year unless the individual either:

was resident, in that tax year, in the country where the dwelling-house is situated; or
spent at least 90 nights in the dwelling-house (or in dwelling-houses within the same country) during that tax year.

Principal private residence relief: the basics

In general, gains realised on the disposal of an individual’s dwelling-house are exempt from CGT if the property was their only or main residence for the entire period of ownership (section 222, Taxation of Chargeable Gains Act 1992 (TCGA 1992))...

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Alison Cartin

Taylor Wessing LLP

Alison is a Knowledge Development Lawyer for the Private Client Group, responsible for the team's know how and training needs and monitoring legal and market developments. She regularly leads both in-house and external client training events and writes materials for the Bryan Cave Leighton Paisner Tax blog and clients. Prior to becoming a Knowledge Development Lawyer in 2004, Alison advised high net worth individuals and the international wealth management institutions that serve them on the full spectrum of contentious and non-contentious private client issues. She has extensive experience advising on cross-border tax and wealth planning issues and has been involved in advising governmental and regulatory bodies on the cross-border exchange of information in tax matters and international tax agreements. She is a member of the Society of Trust & Estate Practitioners (STEP)....

Web page updated on 21/05/2026

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