Broadly speaking a gain arising on the disposal of a person's residence (dwelling house and garden/grounds, ie their home) is exempt from capital gains tax (CGT)1. This exemption is known by many names, including principal private residence (PPR) relief, private residence relief, private residence exemption, main residence exemption, or only or main residence relief.
For an overview of the relief, see C3.1701.
The commentary below considers the availability of PPR relief to gains made by trustees and personal representatives.
PPR relief where the residence is occupied under terms of a settlement
A settlement, whether by deed or will, may provide that a beneficiary is to have the use of property during their life or for some other period. A beneficiary may thus be occupying as their only or main residence a dwelling house, or part of a dwelling house, under the terms of a settlement. For property settled via a court order during divorce or dissolution of civil partnership, see C3.1707.
The trustees are the owners of the property in relation
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