Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Mon, 09 Sep 2024 11:04:19 GMT by Monkertron
Hi, could someone help me out on a calculation. Say I have a gain of £57,000 on a property sale. My period of ownership is below to help. Purchase date to me moving out due to separation. Then eventual house sale - August 2024. August 2007 to May 2023 is 190 months. June 2023 to August 2024 is a further 15 months so total ownership 205 months. The 190 months of actual occupation is exempt and then a further 9 months “given” and so 6/205ths is the taxable gain. What is the PPR relief amount? Thanks
Posted Fri, 13 Sep 2024 14:17:50 GMT by HMRC Admin 32 Response
Hi,
This forum is for general queries only and is intended to help you self-serve.
We are unable to provide specific advice tailored to individual circumstances.
Please refer to:
HS283 Private Residence Relief (2024)
Thank you.

You must be signed in to post in this forum.