[248E Relief on disposal of joint interests in private residence]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[248E  Relief on disposal of joint interests in private residence]

[(1)     This section applies where conditions A to E are met.

(2)     Condition A is that a person (“the landowner”) and one or more other persons jointly hold an interest in two or more dwelling-houses.

(3)     Condition B is that the landowner disposes of an interest (“the relinquished interest”) in one or more of the dwelling-houses to the co-owner or to one or more of the co-owners.

(4)     Condition C is that the consideration for the disposal is or includes an interest (“the acquired interest”) in one of the other dwelling-houses.

(5)     Condition D is that as a consequence of the disposal (taken together with any related disposals)—

(a)     the dwelling-house in which the landowner acquires

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