Part 13Tax avoidance
Chapter 3Transactions in land
Exemptions
767Exemption: private residences
No liability to income tax arises under this Chapter 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).