Fredrick Chong
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Capital Gains Tax
I bought my property in Hong Kong in January 2008 and sold it on 22 December 2022. I lived in this property as my main and only residence. I owned this property for 179 months. My last date to live in this property was 22 March 2022. During the above period, I have not let it out any part of my home for any other purposes. According to my understanding, my Private Residence Relief is (170+9)/179 = 100%. My questions are the following 1. Is my PRR calculation correct ? 2. If question 1 is "yes", do I need to declare on the Capital Gains Tax? Thank you for your help