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Posted Wed, 05 Apr 2023 07:37:26 GMT by Aminat
Hi there, I'm trying to calculate PRR on a property I just sold and wanted to clarify that this relief applies no matter how brief my period of occupation was. Specifically, the property was my home for 3 yrs and 8 months after purchase, and I let it out for the next 10 years or so until I sold it. I'm therefore calculating my PRR as 3yrs and 8 months + 9 months on this basis. I'll appreciate a response regarding the above approach. Thanks
Posted Fri, 14 Apr 2023 10:51:39 GMT by HMRC Admin 19

That is correct.

Thank you.
Posted Fri, 14 Apr 2023 14:05:20 GMT by BPS WONG
Hi HMRC Administrator, A friend of mine from Hong Kong moved to the UK in June last year and became a UK tax resident. He previously bought a flat in Hong Kong back in 1996 as his residence over the years and he is still owning the property. He would like to apply for Private Residence Relief when he sells the property in the coming months. He has the following questions about the period of absences for calculation of tax relief: - (1) He was sent by his employer to work in Australia for four years from 2000 to 2003 and then to India for two years from 2007 to 2009. Is it true that only the period of absence in Australia could be allowed for relief ? (2) Over the years in Hong Kong, he had vacation outside Hong Kong once or twice every year and the period of absence ranged from two weeks to a month. Does he need to add up all the vacation periods outside Hong Kong and check if the total period is within the three years for absence allowed for any reason? Most grateful for your advice.

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