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Posted Thu, 28 Nov 2024 19:11:33 GMT by BenTender
Hi, I am currently a UK tax resident and at present if I were to dispose of my principal residence it will be exempt from CGT (It was only ever used as my residence). The question is if I first leave the UK for tax purposes by serving form P85 and I dispose of the property after my departure from the UK for tax, can I still benefit from the Private Residence Relief or do I lose it once I am no longer a UK tax resident? Many thanks.
Posted Wed, 04 Dec 2024 12:49:23 GMT by HMRC Admin 17 Response

Hi ,
 
You still qualify for the period you lived in the property plus the final 9 months .

Thank you .

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