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Ask the Tutor ACCA TX-UK

PPR

Former userFormer user11y ago

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TTTax Tutor11y ago#1
Actual occupation means you actually live in the property! Deemed occupation means that although you are NOT actually living in the property you are for tax purposes (PPR relief) deemed to be living in it. You have to learn the 4 periods of deemed occupation and be able to apply in an exam question. One of the deemed periods of occupation is the last 18 months of ownership of the property.
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