Taxation of Chargeable Gains Act 1992 section 223ZA

Amount of relief: individual's residency delayed by certain events

Section 223ZA extends private residence relief to cover a period of up to 24 months between acquiring a property and moving in, where the delay is caused by building work or the sale of a previous home.

• Where an individual acquires a property but does not move in immediately, the period before occupation can still qualify for private residence relief, provided they move in within 24 months of ownership
• The delay must be attributable to a qualifying event: either the completion of construction, renovation, redecoration or alteration of the property, or the disposal of the individual's previous main residence
• No other person may have used the property as their residence during the gap between the start of ownership and the individual moving in
• For the purpose of calculating private residence relief under section 223, the property is treated as though it had been the individual's only or main residence from the very start of ownership until the actual moving-in date