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PPRR

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › PPRR

  • This topic has 2 replies, 2 voices, and was last updated 10 years ago by Tax Tutor.
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  • Author
    Posts
  • September 3, 2015 at 10:20 am #269662
    sasha
    Member
    • Topics: 99
    • Replies: 141
    • ☆☆☆

    sir help me to solve this ques.
    flint purchased house and moved on 1 july 1988.
    he remained in flat until 1 oct 1990, when he accepted a year’s secondment to his firm’s new york office.
    he returned uk in 1 oct 1991 and moved into relatives house until he returned to his own home on 31 jan 1992
    on 1 july 2002 he changed jobs and rented a flat near employer’s office in newcastle.
    here he remained until he sold house on 1 feb 2015.

    I did not understand the solution in book.

    1oct 1990-31sep 1991 was exempt. but how ? it is not followed by actual occupation. again,
    1oct1991-31 jan 1992 exempt. neither followed nor preceded.
    1 july 2002 -july 2013 chargeable. how?

    September 3, 2015 at 10:52 am #269664
    sasha
    Member
    • Topics: 99
    • Replies: 141
    • ☆☆☆

    again in another ques,

    1 jan1993-31 dec 1994 lived in hose
    1jan1995-30june 2001 employed overseas
    1 july 2001-31dec 2006 travels the world
    1jan 2007- 30 sep 2014 lived in house
    in this question also from 1 jan 1995-30june 2001 fully exempt though not followed by actual occupation and 1 july 2001-31 dec 2006, 3 years exempt though not preceded by actual occupation

    September 3, 2015 at 4:35 pm #269710
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    The actual occupation need not be immediately following the employment overseas but at any point prior to the disposal of the property and the actual occupation prior to a period of absence again can be at any time prior to period of absence it does not have to have been immediately prior to that period.

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