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Dear Tutor,
As per page no 98 of lec notes,
“Where part of a residence is used exclusively for business purposes throughout the period of ownership, the gain in relation to that part is not covered by relief.The last 18 months rule does not apply to that part unless the business part was at some time used as part of the only or main
residence”.My question is if we are anyways not applying PPR relief for the business part then then what is the point of stating the last 18months rule i.e. isn’t that implied anyways when we say PPR relief is not applicable for business use?
And similarly the other 3 rules of “deemed occupation” wouldn’t be applicable to the business part of the property as PPR isn’t going to be applied. Isn’t it?
If a part of the property is in business use during the last 18 months of ownership, but that part of the property was at some time used as part of the PPR then the last 18 months exemption will apply.
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