'The purpose of the schedule is to stop capital gains tax avoidance schemes that exploit the interaction between gifts relief and private residence relief. Such schemes aim to convert chargeable gains on disposal of residential property that would not normally qualify for private residence relief into tax-free gains by the use of the trusts. Clause 112 and Schedule 22 deny private residence relief to people who dispose of a property where the computation of the chargeable gain resulting from that disposal is affected by...
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