223 Amount of relief
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

223  Amount of relief

(1)     No part of a gain to which section 222 applies shall be a chargeable gain if the dwelling-house or part of a dwelling-house has been the individual's only or main residence throughout the period of ownership, or throughout the period of ownership except for all or any part of the last [9 months] of that period.

(2)     Where subsection (1) above does not apply, a fraction of the gain shall not be a chargeable gain, and that fraction shall be—

(a)     the length of the part or parts of the period of ownership during which the dwelling-house or the part of the dwelling-house was the individual's only or main residence, but inclusive of the last [9 months] of the period of ownership in any event, divided by

(b)     the length of the period of ownership.

(3)     For the purposes of [sections 222(5) and 222A and] subsections (1) and (2) above—

(a)     a period of absence not exceeding 3 years (or periods of absence which together

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