Private Residence Relief exempts most or all of the gain when you sell a property that has been your only or main home throughout the period you owned it.
When it's restricted
Relief may be reduced if part of the home was let out, used for business, or if you owned more than one property and did not nominate this one as your main residence.
Tax rules depend on individual circumstances and can change. This glossary is general information rather than personalised tax advice.