PPR relief

Hi

>PPR is available on the basis of period of occupation

> Period of occupation includes:

1) Actual occupation: period in which individual physically occupies.

2)Deemed occupation: period during which individual DOES NOT PHYSICALLY OCCUPIES but LAW ASSUMES OCCUPATION.

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Deemed occupation rules are:

a) last 18 months of ownership
b) up to 3yrs for any reason
c) any period during which individual is employed abroad
d) up to 4 yrs during which individual was employed WHITIN UK

* For rule b) to d) :
For absense period to be classified as deemed occupation; there should be period of actual occupation before and after that period of absence.

*However for rule c) and d)
If the individual could not reoccupy his property DUE TO WORK,
then that period of absence is classified as deemed occupation period.

That is; that rule for a period of absence become deemed occupation period if followed and preceded by is not applicable