CG65447 | Private residence relief: settled property: disposals on or after 10 December 2003: settlements for the maintenance of historic buildings - exception to the general rules

TCGA92/S226A

TCGA92/226B provides that the rules denying private residence relief in relation to a later disposal by the trustees of a settlement do not apply where a relevant earlier disposal has been made in a tax year in respect of which an election has been made under ITA07/S508 by the trustees of a heritage maintenance settlement for income of the settlement, or any part of it, not to be treated as the settlor’s.