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Posted Thu, 28 Mar 2024 17:35:44 GMT by Monkertron
Hi, the calculator on the HMRC site reference the PPR. Seems to put out varying info as £0 and £29,000+ This is slightly worrying. My wife and I are separated unlikely to reconcile. I moved out the family home in May 2023, and still retain an interest in the marital home. I would still like to claim this as my main home for PPR purposes. The house will complete and sell shortly. With both parties making a substantial gain. It was my main residence from August 2007 to May 2023. Plus the extending 9 months period. My tax advisor is telling me I should only be realistically be paying £0 - 52 minimal amount of CGT. Not £29,000+ It seems odd that I get varying info out of the calculator. In my case 6/205ths is the taxable gain. Thanks
Posted Wed, 03 Apr 2024 14:27:02 GMT by HMRC Admin 2 Response
Hi,

As we dont know what information you are entering onto the calculator we cannot comment.

However, you can claim Private Residence Relief for the period you lived in the property, plus the final 9 months.

HS283 Private Residence Relief (2023)

Thank you.

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