CGT – PPR Relief
If an individual is a long-term resident in a care home then generally – subject to certain conditions – it is possible to extend the PPR relief on their main residence for the last years of ownership from the standard 18 months to 36 months.
This also applies to individuals who are regarded as “disabled persons”.
But did you know that the definition of “disabled person” includes those that are in receipt of attendance allowance or middle/highest rate disability living allowance?
This can also be relevant for individuals who have occupied a property under the terms of a settlement.
See the attached guidance note here from HMRC’s manuals for more information.
This may be useful, for instance, where someone has moved in with their children as they are unable to live on their own and is receiving attendance allowance and their main residence is still owned.
Reviewed in 2015