Scenario 9

A taxpayer owns two residences (both of which HMRC accept to be residences), but it is clear that one of them is clearly the main taxpayer's main home, whereas the other is a second home. It is accepted, however, that the taxpayer is entitled to elect for the second home to be a main residence for the purposes of TCGA 1992, s. 222and the taxpayer so elects. When the second home is subsequently disposed of, the gain is exempted from capital gains tax.

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