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Gain on house sale - Time Apportion Method



Answer
B T
Posted Tue, 14 Jan 2025 19:08:19 GMT by B T
Having worked out a gain via Time App method for non UK resident, after a residential house sale, is the Private Residential Relief taken off to obtain the Gain. Or is the Gain calculated separate from the PRR amount. So for eg. if the TA method gives 70k gain, and the amount of PRR is 20k - is the gain then given to HMRC as 50k.
Answer
HMRC Admin 32 Response
Posted Fri, 31 Jan 2025 13:35:13 GMT by HMRC Admin 32 Response
Hi,
You look at the gain before taking off the private residence relief.
See guidance at:
HS283 Private Residence Relief (2024)
Thank you.

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