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Posted Mon, 18 Sep 2023 11:45:04 GMT by
I have just disposed of a cottage which I lived in as my main residence for 3 months, before letting it out as a fully furnished holiday let. Can claim 1 year's worth of Private Residence Relief (3 months lived in + the last 9 months deemed), and then claim Business Asset Disposal Relief on the remainder?
Posted Wed, 27 Sep 2023 12:56:47 GMT by HMRC Admin 25
Hi Donna Landy,
Yes you can claim one year of private residence relief.
Business Asset Relief would only be due if you meet the conditions required.
Please refer to guidance at:
HS275 Business Asset Disposal Relief (2023)
Thank you. 
 

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