We explain private residence relief in plain English, handle it correctly, and make sure you claim every relief you are entitled to, all at a fixed fee.
Private Residence Relief
Private Residence Relief exempts your main home from Capital Gains Tax, but it is not always full, periods of absence, letting, business use or having more than one home can restrict it, leaving an unexpected gain to tax.
We work out your Private Residence Relief precisely, claim the final-period exemption and any qualifying absences, elect which property is your main residence where you have more than one, and make sure any taxable portion is minimised.
Where a home has been let, used for business, or left empty during ownership, or where you own more than one property, the relief can be restricted, so an accurate calculation and the right main-residence election really matter.
The Detail That Matters
Private Residence Relief exempts your main home from Capital Gains Tax, but it is not always full: periods of absence, letting, business use, or owning more than one home can restrict it, leaving an unexpected gain to tax. An accurate calculation is what protects you.
Gains on your only or main residence are exempt from CGT through Private Residence Relief for the periods you lived there, plus the final nine months of ownership regardless of occupation.
Periods when the property was let, used for business, or left empty (beyond allowed absences) can restrict the relief, so part of the gain becomes taxable. The calculation apportions the gain over your ownership.
If you own more than one home, you can elect which is your main residence for the relief, and the choice can save significant CGT. The election must be made within the time limit.
Where letting restricted the relief, lettings relief and both spouses' annual exemptions can further reduce the taxable portion. We apply every relief before calculating the final bill.
People assume their home is fully CGT-exempt, then find that letting or absence periods created a taxable gain, an accurate relief calculation, and the right election, is what keeps the tax minimal.
Key Figures
How We Help
We confirm your Private Residence Relief and the final-period exemption so your main home's gain is exempt as far as the rules allow.
Where you own more than one home, electing which is your main residence can save significant CGT. We advise and make the election in time.
Where letting, absence or business use restricts the relief, we calculate the taxable portion accurately and use every allowance to reduce it.
All the forms, calculations and correspondence handled on your behalf, so you never have to decode HMRC's rules or sit on hold.
A clear fixed fee quoted after a free call, your position explained in plain English, and never a surprise bill.
We act quickly, and where earlier years are involved we put those right too, reclaiming refunds or minimising penalties.
People often assume their home is fully CGT-exempt, then find letting or absence periods have created a taxable gain. An accurate relief calculation and the right election is where the tax is minimised, and we handle it.
Recent Client Outcome
Someone selling a home they had lived in and later let out was unsure how much Capital Gains Tax they owed.
What we did. We calculated the Private Residence Relief for their period of occupation plus the final nine months, applied lettings relief where it qualified, and used both spouses' annual exemptions.
The outcome. The reliefs and exemptions reduced the taxable gain to a small amount, far less than a naive full-gain calculation would have suggested.
Calculating the relief precisely, and layering the exemptions, kept the tax on a part-let former home to a minimum.
Why People Come to Us
Questions Answered
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