Financial gains made on the disposals of residential property will usually trigger liability for a capital gains tax (CGT). The exception to this rule is when you dispose of your main home, thanks to principal private residence relief (PRR).
Buying property Off-plan: Principal Private Residence tax relief
An interesting tax case this year resulted in a victory for the taxpayer and heralded some good news for individuals who have bought or are going to buy a property off-plan.
