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 lettings relief which applies in addition to PPR relief. Note that lettings relief is not available where a property does not qualify for PPR relief.
The rules changed for disposals that take place on or after 6 April 2020 and the commentary below considers both the current rules and the old rules.
Lettings relief—disposals on or after 6 April 2020
For disposals on or after 6 April 2020, lettings relief is intended to give landlords who are owner occupiers relief from gains that are not exempted by PPR relief.
Lettings relief is available where2:
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