CGT and the Main Residence Exemption – Key Insights

Gain a Complete Understanding of the CGT Main Residence Exemption and Its Key Details

While the main residence exemption is widely recognised as the most well-known CGT relief, many advisers are unfamiliar with its intricate details, which can be challenging to apply in the unique situations often encountered in practice. A solid understanding of the exemption’s fundamentals, along with its finer nuances, can be invaluable.

This session provides an in-depth exploration of key aspects of the CGT main residence exemption. It covers the core principles of what constitutes a “main residence” and related matters, while also addressing the impact of:

• Changing main residence
• Periods of absence and effective management
• Construction, repairs, and renovations

Additionally, the session highlights common pitfalls that may arise when dealing with the treatment of:

• Adjacent land
• Spouses with different dwellings
• The consequences of death

The latest developments in the application of the main residence exemption are also discussed, with practical examples included throughout.

Learning Outcomes:

Attendees will gain an understanding of the fundamental principles of the CGT main residence exemption and its practical application.

Suited to:

The session is suitable for accounting and taxation professionals at all levels, who require a practical understanding of the exemption and how to apply it in practice.    

This On Demand recording Includes: 

• Recording of the Live Webinar, which can be viewed multiple times, for as long as required 
• Presenters contact details for follow up questions 
• CPD Quiz
• CPD Certificate 
• CPD Report – Logged automatically 
• PowerPoint Presentation
• Verbatim Transcript, with Searchability
• Supporting Documentation