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On 31 March 2016, Angus sold a house, which he had bought on 31 March 2002.
Angus occupied the house as his main residence until 31 March 2007, when he left for employment abroad.
Angus returned to the UK on 1 April 2009 and lived in the house until 31 March 2010, when he bought a flat in a
neighbouring town and made that his principal private residence.
What is Angus’ total number of qualifying months of occupation for principal private residence relief on the sale
of the house?
A 72 months
B 54 months
C 114 months
D 96 months
PLZz explain the answer iam not getting it
I think it’s 114 months.
You don’t count the number of months that are actually occupied. You also don’t count periods when working abroad, for any number of months. Nor do you count the last 18 months, as long as there has been previous occupation at some point.
That only leaves 4.5 years of absence. As he owned the house for 14 years that’s 9.5 years of deemed occupation. 9.5 x 12 (months) = 114.