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lettings releif


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Lettings Relief is the lower of:

a) the capital gain left in charge after PPR exemption (but before taper etc)

:( the PPR exemption

c) £40k per owner

Letting Relief is available for property which at one point was PPR and has also been let at at some point as a BTL

So for example, assume you had a property which made a gain of £90k and you lived in it for 1 year as your PPR. I have also assumed that you are the only owner. On this basis the lettings relief would be £36k, leaving £18k in charge after taking PPR and Lettings Relief in to account

I hope this helps



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