In general, there is no CGT payable on a property disposal which has been used as the main family residence. An investment property which has never been used as a private residence will not qualify. This relief from CGT is commonly known as private residence relief.

Taxpayers are usually entitled to full relief from CGT where all the following conditions are met:

Married couples and civil partners can only count one property as their main home at any one time.

Source:| HMRC – 09-11-22| 09-11-2022