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Posted Sun, 21 Aug 2022 21:54:44 GMT by 9043583
My friend is a UK tax resident who owns an overseas property which she is currently in the process of selling. She acquired the property in May 2020 whilst living overseas and she lived in it as her main residence until she moved to the UK in October 2021 at which point she became a resident in the UK. I understand that from 6th April 2015, my friend’s residence will "not be eligible for Private Residence Relief" unless my friend was either: a) a resident in the country in which the property is located in that tax year (i.e. Singapore), or b) she spent at least 90 nights in the overseas property in the tax year. My friend does not meet either of the two conditions above. She is not currently a resident in Singapore and she has not spent any time living in the overseas property in the current tax year (i.e. 2022/23). Does this mean that my friend cannot apply Private Residence Relief in the current tax year only (i.e. 2022/23) or she is not able to apply any Private Residence Relief whatsoever (i.e. including previous tax years and/or the last nine months of ownership)?
Posted Tue, 23 Aug 2022 08:39:19 GMT by HMRC Admin 17

Hi,
 
Please refer to guidance at :

Private Residence Relief (Self Assessment helpsheet HS283)  .

Thank you.
Posted Sat, 27 Aug 2022 10:58:38 GMT by 9043583
Thank you for your help. I cannot find an answer to my question via the link that you have provided. Based on the scenario outlined in my original post can you let me know if my friend will not be able to apply Private Residence Relief in the current tax year only (i.e. 2022/23) or if she is not able to apply any Private Residence Relief whatsoever (i.e. including previous tax years and/or the last nine months of ownership)?
Posted Thu, 01 Sep 2022 07:53:39 GMT by HMRC Admin 19
Hi,

Based on the information provided in your original post, your friend appears to be entitled to partial Private Residence Relief, that is excluding 2022/23. Please use our Private Residence Relief tool to obtain a definitive answer:                                                            

Work out tax relief when you sell your home

Thank you.
Posted Sun, 04 Sep 2022 22:38:37 GMT by 9043583
Thank you for your response. My friend sold the property last month (i.e. August 2022). I understand from your answer that my friend is not entitled to Private Residence Relief in the 2022/23 tax year. Is my friend still able to claim Private Residence Relief for the last 9 months of ownership (i.e. between December 2021 and August 2022) or would she lose some of this entitlement given the 9 months partially covers the 2022/23 tax year where she is not entitled to Private Residence Relief (as above)?
Posted Thu, 08 Sep 2022 10:56:54 GMT by HMRC Admin 19
Hi,

You can see guidance here:

Private Residence Relief (Self Assessment helpsheet HS283)

Thank you
Posted Thu, 08 Sep 2022 11:54:02 GMT by 9043583
Thank you for the link - I read through that after you shared it in a previous post. Unfortunately I cannot find the answer there. I understand that my friend is not entitled to Private Residence Relief in the 2022/23 tax year. Is my friend still able to claim Private Residence Relief for the last 9 months of ownership (i.e. between December 2021 and August 2022) or would she lose some of this entitlement given the 9 months partially covers the 2022/23 tax year where she is not entitled to Private Residence Relief (as above)?
Posted Mon, 12 Sep 2022 13:09:25 GMT by HMRC Admin 17

Hi,
 
Based on the information provided in your original post, your friend appears to be entitled to partial Private Residence Relief (ie excluding 2022/23).

Please use our Private Residence Relief tool to obtain a definitive answer:

Work out tax relief when you sell your home    .

Thank you.
Posted Mon, 12 Sep 2022 20:18:25 GMT by 9043583
Thank you for your help.

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