CG65090 - Private residence relief: furnished holiday lettings: rolled-over gain

S241(6) TCGA92

The cost of acquisition of a dwelling-house may have been reduced under s152 TCGA92 or s153 TCGA92 if the dwelling-house

• has been taken into use as furnished holiday accommodation, and
• has qualified as a replacement asset.

If the dwelling-house has subsequently been used as its owner’s only or main residence, then any relief on disposal should be restricted by the amount deducted from the acquisition cost. This is illustrated by the example at CG60287.