CIOT: The Chartered Institute of Taxation (CIOT) notes the Government’s intention to retain the ability to elect a main residence for relief from Capital Gains Tax (CGT). This announcement means that most taxpayers will be free to elect as before; the election will be restricted only for those who are trying to claim that a property in a country where they are not resident is their main residence.
Full story: http://www.tax.org.uk/media_centre/Press+Releases/PR_main_residence_relief_election_1_Dec?