Principal private residence relief

This topic has 3 replies, 3 voices, and was last updated 9 years ago by Tax Tutor.

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February 4, 2017 at 9:29 am #371001
shiham75764
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Dear Sir,
Reference to the subject, if I bought a house in UK 2005 Jan but i’m working in abroad as an example for 10 years and 2015 Jan i sold out the house, so kindly clarify this question to me?
February 5, 2017 at 7:51 am #371097
Tax Tutor
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You must have actually lived in the property prior to going to work abroad for the period to be treated as deemed occupation. You are not required to return to the property prior to sale so long as you are still employed overseas
February 5, 2017 at 1:52 pm #371167
Nafisha
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Hi,
Regarding example 11-Ken.
In the answer Ken split letting relief and the 3 yrs for any reason PPR relief for period 1/4/1988-30/9/1993.
Why didn’t Ken claim full letting relief for period 1/4/1988-30/9/1993 and claim the 3 yrs for any reason PPR relief within the period 1/4/2003-31/03/2016?
February 6, 2017 at 4:30 am #371259
Tax Tutor
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Not possible to claim the 3 years for any reason for that final period as Ken did not live in the property after that period and prior to the sale
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