CG73928 | NRCG and the exemptions: Disposals from 6 April 2019: Institutional buildings

From HM Revenue & Customs · Capital Gains Manual

TCGA92\Sch1B para 5

A building is an institutional building it is used as:

  • residential accommodation for school pupils;

  • residential accommodation for members of the armed forces;

  • a home or institution providing residential accommodation for children;

  • a home or institution providing residential accommodation with personal care for people who are elderly or disabled, or who have or have had alcohol or drug dependency or mental disorders;

  • hospitals or hospices;

  • prisons or similar establishments;

  • hotels or similar establishments;

  • an institution that is the sole or main residence of its residents;

  • certain student accommodation in England and Wales (Para4 of Sch14 to the Housing Act 2004 applies or equivalent provision having effect in Scotland or Northern Ireland);

  • Student accommodation where:

    • The accommodation provided includes at least 15 bedrooms

    • It is purpose built or converted for occupation by students and

    • It is occupied by students for undertaking a course of education on at least 165 days in the year