Mike Bennett

Thanks very much, that much is clear. Based on it I therefore think that you are saying that we will each calculate our prime residence dates individually and the answer for each of us will be different as a result.

Thanks for the reply. Please confirm how this relates to the period PRIOR TO OUR MARRIAGE. For my wife, does it count as her prime residence for relief purposes from my purchase date in 2011 or does she count independently from our marriage in 2016. “I have read the HMRC guidance, but it is not clear to me on prime residence period calculation for the period and property prior to our marriage. Do we each count prime residence individually, and so we would each have a different prime residence days and a different ownership period, considering the period before we married?”

I have read the HMRC guidance, but it is not clear to me on prime residence period calculation for the period and property prior to our marriage. Do we each count prime residence individually, and so we would each have a different prime residence days and a different ownership period, considering the period before we married? This would then mean that we each have a different prime residence percentage and CGT gain. As a married couple it is clear that; 1. we can only have on prime residence, so after our marriage it counts for prime residence days 2. Property transfer between us is at initial purchase price, and so if ownership is later 50/50 the full gain is also 50/50 We have a complex one regarding prime property allowance for my wife’s previous home, and the calculation of prime residence relief. 1.My wife owned a flat as her prime property. She counts prime residence days. 2. We got married and she lived in my flat. As we are married we can only have one prime residence between us, and we are using my flat. My flat is counted as her prime residence, as she lives there. Hers does not count prime residence. 3. A bit later we split ownership in her flat 50/50. As we do not live there neither of us count prime residence days 4. After my redundancy we start flex working and move out of my flat into my wife’s cheaper flat. We both count prime residence days as we now live there 5, We move out of her flat, and rent it out. We get the last 9 months as prime residence, but before that neither of us count prime residence days, as we do not live there. Question is how do we calculate my prime residence days. E.g. Do we each count a different ownership and prime residence period. Ie is ownership for my wife from acquisition, me from the 50/50 split?

We have a complex one regarding prime property allowance for my wife’s previous home, and the calculation of prime residence relief. 1. My wife owned a flat as her prime property. She counts prime residence days. 2. We got married and she lived in my flat. As we are married we can only have one prime residence between us, and we are using my flat. She does not count prime residence. 3. A bit later we split ownership in her flat 50/50. Neither of us count prime residence days 3. After my redundancy we start flex working and move out of my flat into my wife’s cheaper flat. We both count prime residence days 4. We move out of her flat, and rent it out. We get the last 9 months as prime residence, but before that neither of us count prime residence days. Question is how do we calculate my prime residence days. E.g. Do we each count a different ownership and prime residence period, my wife from acquisition, me from the 50/50 split?