Section 223: Amount of relief., Taxation of Chargeable Gains Act 1992

No part of a gain to which section 222 applies shall be a chargeable gain if the dwelling-house or part of a dwelling-house has been the individual's only or main residence throughout the period of ownership, or throughout the period of ownership except for all or any part of the last 9 months of that period.

Where subsection (1) above does not apply, a fraction of the gain shall not be a chargeable gain, and that fraction shall be—

the length of the part or parts of the period of ownership during which the dwelling-house or the part of the dwelling-house was the individual's only or main residence, but inclusive of the last 9 months of the period of ownership in any event, divided by

the length of the period of ownership.

For the purposes of sections 222(5) and 222A and subsections (1) and (2) above—

a period of absence not exceeding 3 years (or periods of absence which together did not exceed 3 years), and in addition

any period of absence throughout which the individual worked in an employment or office all the duties of which were performed outside the United Kingdom or lived with a spouse or civil partner who worked in such an employment or office, and in addition

any period of absence not exceeding 4 years (or periods of absence which together did not exceed 4 years) throughout which the individual was prevented from residing in the dwelling-house or part of the dwelling-house in consequence of the situation of his place of work or in consequence of any condition imposed by his employer requiring him to reside elsewhere, being a condition reasonably imposed to secure the effective performance by the employee of his duties, and in addition,

any period of absence not exceeding 4 years (or periods of absence which together did not exceed 4 years) throughout which the individual lived with a spouse or civil partner in respect of whom paragraph (c) applied in respect of that period (or periods),

shall be treated as if in that period of absence the dwelling-house or the part of the dwelling-house were occupied by the individual as a residence if conditions A and B are met.

Condition A is that before the period there was a time when the dwelling-house was the individual's only or main residence.

Condition B is that after the period—

in a case falling within paragraph (a), (b), (c) or (d) of subsection (3), there was a time when the dwelling-house was the individual's only or main residence,

in a case falling within paragraph (b), (c) or (d) of that subsection, the individual was prevented from resuming residence in the dwelling-house in consequence of the situation of the individual's place of work or a condition imposed by the terms of the individual's employment requiring the individual to reside elsewhere, being a condition reasonably imposed to secure the effective performance by the employee of his duties, or

in a case falling within paragraph (b), (c) or (d) of that subsection, the individual lived with a spouse or civil partner to whom paragraph (b) of this subsection applied.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

In this section "period of ownership"—

does not include any period before 31 March 1982, and

where the whole or part of the gain to which section 222 applies is a gain which is chargeable to capital gains tax because of section 1A(3)(b), does not include any period before 6 April 2015 (but see subsection (7A)).

Paragraph (b) of the definition of "period of ownership" does not apply in a case where paragraph 8 or 14 of Schedule 4AA applies (the individual has made an election for the retrospective basis of computation to apply).

In this section "period of absence" means a period during which the dwelling-house or the part of the dwelling-house was not occupied by the individual as a residence.

This section is subject to—

section 224 (amount of relief: further provisions),

section 225D (private residence of adult placement carer), ...

section 225E (disposals by disabled persons or persons in care homes etc), and

section 226A (private residence relief: cases where relief obtained under section 260).

Section 223: Amount of relief.

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