Under TCGA 1992, s. 225A, PRR is available to the personal representatives where they permit property to be occupied as a residence by a beneficiary. The relief applies where:

the disposal is by personal representatives;

immediately before and immediately after the relevant death the property was the only or the main residence of one or more individuals; and

at least one of those individuals, or two or more of them taken together, has a ‘relevant entitlement’, which means an entitlement as legatee of the deceased to at least 75% of the net proceeds of disposal of the property, either outright or as a life interest.

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