To obtain complete exemption from CGT under the private residence provisions (see ¶15500), the house must have been the individual’s only or main residence throughout the ‘period of ownership’, except for the whole or any part of the last 18 months of ownership.

The final period exemption was reduced from 36 months to 18 months with effect for disposals made on or after 6 April 2014 with an exception for individuals who are disabled or in a care home and with no other property who continue to be entitled to a 36-month final period exemption.

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