24 Relief on disposal of private residence
Finance Act 2020 (2020 c 14) | Legislation

24  Relief on disposal of private residence

(1)     TCGA 1992 is amended as follows.

(2)     In section 222 (relief on disposal of private residence)—

(a)     after subsection (5) insert—

“(5A)     But a notice or further notice under subsection (5)(a) determining which of 2 or more residences is an individual's main residence for any period may be given more than 2 years from the beginning of the period if during the period the individual has not held an interest of more than a negligible market value in more than one of the residences.”,

(b)     in subsection (7)(a) (disposal of dwelling-house to a spouse or civil partner)—

(i)     for “the dwelling-house” substitute “a dwelling-house”, and

(ii)     omit “which is their only or main residence”,

(c)     in subsection (8A) (when living accommodation is job-related for a person) after paragraph (b) insert “; or

(c)     an armed forces accommodation allowance for or towards costs of the accommodation is paid to, or in respect of, the person or the person's spouse or civil partner”, and

(d)     in subsection (8D) (interpretation) after paragraph (b) insert “; and

(c)     “armed forces accommodation allowance” means an allowance which is exempt from income tax by

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