WHO IS ELIGIBLE TO CLAIM PRIVATE RESIDENCY RELIEF?

To be eligible for private residency relief, you must have used the property as your main residence for some or all of the time that you owned it. You must also have owned the property for at least part of the time that you used it as your main residence. If you have only ever rented the property, you will not be eligible for private residency relief.

In addition to these requirements, there are some other factors that can affect your eligibility for private residency relief. For example, if you have more than one property that you use as a main residence, you may only be able to claim private residency relief on one of the properties. You may also be required to pay capital gains tax on any portion of the profit from the sale of the property that was not covered by private residency relief.

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