CGTXXX
Joined: 10/20/2024
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Non resident CGT calculation Rebasing method and PRR
My husband and I bought a home jointly in Apr 1998 and lived there until Apr 1999 when we left the UK due to my husband’s employment. We have not returned to live in this property since, and we don’t meet the 90 days rule. We have sold our property in Oct 2024 and our question is based on the rebasing method from Apr 2015, can we claim PRR for the period we lived in the property (Apr 1998-1999) plus the 9 months before the sale? If we can, how do we calculate the relief? [12+9 months? or only 9 months?] divided by [ownership period: 114 months (from Apr 2015)? or 318 months? (from Apr 1998)] times Gain Thanks