58 Relief on disposal of private residence
Finance Act 2014 (2014 c 26) | Legislation

Capital gains

58  Relief on disposal of private residence

(1)     TCGA 1992 is amended as follows.

(2)     In section 223 (relief on disposal of private residence: amount of relief)—

(a)     in subsections (1) and (2)(a), for “36 months” substitute “18 months”;

(b)     omit subsections (5) and (6);

(c)     in subsection (8), omit the “and” after paragraph (aa) and after that paragraph insert—

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

(3)     After section 225D insert—

“225E Disposals by disabled persons or persons in care homes etc

(1)     This section applies where a gain to which section 222 applies accrues to an individual and—

(a)     the conditions in subsection (2) are met, or

(b)     the conditions in subsection (3) are met.

(2)     The conditions

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