Glossary · Tax
PRR (Private Residence Relief)
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Definition: The CGT relief that exempts the gain on selling your only or main home — provided you have lived in it as your main residence throughout ownership.
Final 9 months of ownership are always exempt. Partial relief applies if the home was let, used for business, or you owned more than one residence. CGT on UK residential property must be reported and paid within 60 days of completion.
Primary source: gov.uk/tax-sell-home