Section 517M Private residencesF1
No liability to income tax arises under this Part in respect of a gain accruing to an individual if—
(a)
the gain is exempt from capital gains tax as a result of sections 222 to 226 of TCGA 1992 (private residences), or
(b)
it would be so exempt but for section 224(3) of that Act (residences acquired partly with a view to making a gain).
Annotations
Textual amendments
- F1
Pt. 9A inserted (with effect in relation to disposals on or after 5.7.2016) by Finance Act 2016 (c. 24), s. 79(1), 82(1) (with s. 82(2)-(15)); which insertion also has effect so far as it would not otherwise have effect in accordance with Finance (No. 2) Act 2017 (c. 32), s. 39(1)(2)