PPRR is a valuable relief for homeowners, enabling them to dispose of their only or main residence without having to pay capital gains tax (CGT) on any increase in value.

A gain is not a chargeable gain and any loss is not an allowable loss if it is attributable to the disposal of an asset within section 222 (2) Taxation of Chargeable Gains Act (TCGA) 1992.

By completing this module you will be able to:

• Explain how PPRR operates;
• Describe the basic issues;
• Describe the detailed issues;
• Explain the procedure with the main residence election.

The course lecturer is Tony Jenkins CTA, a freelance tax lecturer with his own practice and has over 30 years’ experience in training and advising clients in all types of businesses.

If you're already a subscriber, you can log in to access this CPD module.

To subscribe to eCPD go to the Subscriptions page