CGT releif

Jonaa

is there CGT relief for property purchased for elderly relatives/dependants and who have remained in that property till their deaths?

Slithery

If the property is your name then no.
An owner can get relief but only if it's been their main residence.

canaldumidi

If the elderly relatives/dependants  owned the property, then CGT would not apply a) because it was their main residence and b) because CGT does not apply on death - Inheritance Tax kicks in instead.

If the elderly relatives/dependants did not own the property, then CGT would apply if/when the owner sold the property, since it was not that owner's main residence.

Of course, if the owner did not sell but, eg, let it to tenants, there would be no CGT at that point.

p00hsticks

According to this link from HMRC

https://www.gov.uk/government/publications/private-residence-relief-hs283-self-assessment-helpsheet/hs283-private-residence-relief-2021#residence-provided-for-a-dependent-relative

In addition to the relief that may be due on disposal of your own residence, you may also be entitled to relief when you dispose of a residence which you’ve provided for a dependent relative. This relief only applies if you acquired the residence before 6 April 1988 and certain additional conditions were met. The conditions for relief are detailed in the Capital Gains Tax Manual.