• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March and June 2025 exams.
Get your discount code >>

ppr relief

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › ppr relief

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by Tax Tutor.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • April 28, 2017 at 4:23 pm #384229
    sana101
    Member
    • Topics: 29
    • Replies: 8
    • ☆

    Arthur bought a house on 1-1-1995 and sold it on 30-9-2016 making a gain of 189000.

    He occupied the house as follows:
    1-1-95 to 31-12-96 lived in the house
    1-1-97 to 30-6-2003 employed overseas
    1-7-2003 to 31-12-2008 travels the world
    1-1-2009 to 30-9-2016 lived in the house
    calculate arthurs CGT liability

    So; my doubt is that in the answer in the kaplan text book; regarding the 1-7-2003 to 31-12-2008 arthur travels the world they have made 36 months exempt and the remaining 30 months chargeable (total 66 mts) giving the reason as 3yrs exempt for any reason but what i have understood from the lectures is that for the 3yr exemption rule to be valid the taxpayer has to return and live in the house before vacating again.

    Could you please clarify my doubt and tell me what i have understood wrong?

    April 29, 2017 at 11:01 am #384279
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    What you say is correct but the question clearly states that after that trip Arthur DOES return to the house and lives in it prior to disposal therefore the 3 years for any reason will apply!

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • effy.sithole@gmail.com on IASB Conceptual Framework – Introduction – ACCA Financial Reporting (FR)
  • kyubatuu on MA Chapter 6 Questions Inventory Control
  • hhys on PM Chapter 14 Questions More variance analysis
  • azubair on Time Series Analysis – ACCA Management Accounting (MA)
  • bizuayehuy on Interest rate risk management (1) Part 1 – ACCA (AFM) lectures

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in