Income Tax Act 2007 (c. 3)

Part 13 U.K. Tax avoidance

Chapter 3 U.K. Transactions in land

Exemptions U.K.

767 Exemption: private residences U.K.

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).