This is just for reconfirming my understanding:-
Is it restricted to use The PPR &Let relief only to the extend of the actual gain. For eg:
Capita gain - 100,000 and PPR & Let relief - 110,000
Hope this can be resulted in capital loss of (10,000) not ZERO
Kindly confm
Ask the Tutor ACCA TX-UK
Capital gain - PPR & Let releif
I cancel this question as I found this is foolishness.. The basis of this question was due to the wrong understanding of the LET RELIEF. Instead of taking the charged months for the calculation of letting relief, I had taken for the entire period of Occupancy....
Sorry for the inconvenience caused
No problem - glad you realised your mistake for yourself
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