[226A Private residence relief: cases where relief obtained under section 260]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[226A  Private residence relief: cases where relief obtained under section 260]

[(1)     This section applies where—

(a)     section 223 applies, or would apart from this section apply, in relation to a gain or part of a gain accruing to an individual or the trustees of a settlement (“the transferor”) on a disposal (the “later disposal”),

(b)     in computing the chargeable gain which would, apart from section 223, accrue to the transferor on the later disposal, the allowable expenditure would fall to be reduced, and

(c)     that reduction would to any extent fall to be made in

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