Changes to capital gains tax private residence and letting reliefs

This letter considers the changes to capital gains tax Private Residence Relief from 6 April 2020.

Contents of the letter:

  • the reduction in the final period of ownership exemption from 18 to 9 months
  • transfers between husband and wife situations
  • changes to the availability of lettings relief, including a worked example and
  • circumstances where ‘need to report’ applies and a special return is required within 30 days of completion.