HMRC has published a consultation, 'Capital Gains Tax: Private Residence Relief: changes to the ancillary reliefs'. This follows the Budget 2018 announcements.

Key proposals for the reform to the CGT Private Residence Relief rules are:

Further proposals include changes to

All changes will come into effect for disposals on or after 6 April 2020.

This consultation seeks views on these changes and runs from 1 April 2019 to 1 June 2019.

Questions asked:

Question 1: Do you have any comments about the reduction of the final period exemption?

Question 2: Do you have any other comments about the reform of lettings relief?

Question 3: Do you believe there is a case for legislating to ensure that the benefits of job related accommodation will continue to apply to personnel who organise accommodation through the Future Accommodation Model?

Question 4: Do you have any comments on legislating these ESCs in their present form?

Question 5: Should the receiving spouse always inherit the ownership period and the use to which the property had been put in the past regardless of whether it is a main residence at the time of transfer?

 External Links: 

 'Capital Gains Tax: Private Residence Relief: changes to the ancillary reliefs'