# Income Tax Act 2007, Section 517M: Private residences


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).

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Source: https://www.legislation.gov.uk/ukpga/2007/3/section/517M (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/section-517M
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.