PTC - prinicipal private residences

Emma1708

I am struggling with the rules on this. I thought I had got it then one of the past papers had 5 years working abroad and put 4 as not chargeable then the other one as not chargeable for other reasons. I cant see anything that explains it that way in the book so because it was over 4 years I classed it as chargeable.

Help please, I am convinced this will come up tomorrow morning

xxxx

kyle1

Emma1708 wrote: »

I am struggling with the rules on this. I thought I had got it then one of the past papers had 5 years working abroad and put 4 as not chargeable then the other one as not chargeable for other reasons. I cant see anything that explains it that way in the book so because it was over 4 years I classed it as chargeable.

Help please, I am convinced this will come up tomorrow morning

xxxx

without seeing the question unsure on the reasoning for the difference only thing that may explain this is that the last 36months are deemed to be inhabited and therefore even if you are away for the last 5 years of the residence the last 36 months would be allowed! Hope that makes sense??

Kyle

ChloeGee

HI Emma, from what I gather the rules are as follows:

Deemed occupation =

Last 3 Years
Up to 3 Years absent for ANY reason
Any periods spent working overseas
Up to 4 Years spent working elsewhere in the UK..

Hope you're wrong and this doesn't come up tomorrow 'cause it's always so fiddly to calculate!!

kyle1

one more thing to add. An absence must be followed by a period of occupation for it to be allowed.

ChloeGee

kyle1 wrote: »

one more thing to add. An absence must be followed by a period of occupation for it to be allowed.

Good point :thumbup1:

Nicolaw1702

:thumbdown::thumbdown:I hope this doesnt come up tomorrow

kyle1

Nicolaw1702 wrote: »

:thumbdown::thumbdown:I hope this doesnt come up tomorrow

Aslong as you apply the rules or atleast show that you have an understanding of what you need to be doing then you will be fine. the exam want hinge on how you perform in this one area.

Emma1708

thanks for the replies. I hope my feeling is wrong too - its the only bit I really dont like!

Its a BPP question: -

Bought a house 1 August 1985 lived in it until 31 July 1988
went abroad to work self employed until 31 July 1993
Went back to the house until 31 January 1994
Moved in with his sistermp
Sold the house 31 July 2007


BPP states 'any period not exceeding four years where the owner was self employed and forced to work away from home'

So with this being 5 years I thought it was chargeable, but the answer shows

4 years exempt august 98-july 92 and 1 year exempt august 92-july 93 'any other reason'

I just dont get it! He was away for 5 years so why is it split?


xx

kyle1

Emma1708 wrote: »

thanks for the replies. I hope my feeling is wrong too - its the only bit I really dont like!

Its a BPP question: -

Bought a house 1 August 1985 lived in it until 31 July 1988
went abroad to work self employed until 31 July 1993
Went back to the house until 31 January 1994
Moved in with his sistermp
Sold the house 31 July 2007


BPP states 'any period not exceeding four years where the owner was self employed and forced to work away from home'

So with this being 5 years I thought it was chargeable, but the answer shows

4 years exempt august 98-july 92 and 1 year exempt august 92-july 93 'any other reason'

I just dont get it! He was away for 5 years so why is it split?


xx

the only rule that seems to have been applied here is working away within the uk is limited to 4 years and would explain the split?

Emma1708

Can someone explain in simple terms to me? I hate not understanding something

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Emma1708

kyle1 wrote: »

the only rule that seems to have been applied here is working away within the uk is limited to 4 years and would explain the split?

But the question states that he was working abroad

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kyle1

if he is working abroad then it should be allowed? in the question you have posted in my opinoin only the last 42 months living with sister would be deemed as not occupational but you are allowed the last 36 months so only 6 months is deemed to be non-occupational? take it the answer doesnt agree to this??

ChloeGee

Emma1708 wrote: »

thanks for the replies. I hope my feeling is wrong too - its the only bit I really dont like!

Its a BPP question: -

Bought a house 1 August 1985 lived in it until 31 July 1988
went abroad to work self employed until 31 July 1993
Went back to the house until 31 January 1994
Moved in with his sistermp
Sold the house 31 July 2007


BPP states 'any period not exceeding four years where the owner was self employed and forced to work away from home'

So with this being 5 years I thought it was chargeable, but the answer shows

4 years exempt august 98-july 92 and 1 year exempt august 92-july 93 'any other reason'

I just dont get it! He was away for 5 years so why is it split?


xx

Maybe I'm reading it wrong, but if he's working abroad then the whole time is "deemed occupation" as you can work abroad for as long as you want.
So in this case the whole 5 years would be exempt.

No? :001_unsure:

Have no idea why they've split .. clarity of reading lol?

Emma1708

But the BPP book says any time working abroad EMPLOYED is allowed, but SELF EMPLOYED is up to 4 years.

The answer shows Feb 94-July 04 as the only chargeable period.

Sod it, I am just going to have to hope that it doesnt come up, and if it does its a more simple one!

Thanks for trying to help

xx

Lee Manning

our tutor has told us that the AAT have dropped this from the syllabus, he came into our class a few weeks ago and said he had good news, we didn't have to learn about PPR

Emma1708

Really? I hope he is right :001_smile:

Lee Manning

well he also marks papers for the aat so hopefully the information was correct

Emma1708

I think its safe to say he is right then

Thats the best news I have had for ages!


x

ChloeGee

Lee Manning wrote: »

our tutor has told us that the AAT have dropped this from the syllabus, he came into our class a few weeks ago and said he had good news, we didn't have to learn about PPR

Are you serious? That's the best news I've heard all day :001_smile: :001_smile::001_smile::001_smile::001_smile:

Lee Manning

put this way if it turns up tomorrow then our whole group will complain because our tutor was going to teach it us and then didn't after a phone call with the aat

popcornlpw

Emma1708 wrote: »

Can someone explain in simple terms to me? I hate not understanding something

x

if you been employed abroad then exempt with no time limited

if you r self employed working abroad then max 4 years

Emma1708

popcornlpw wrote: »

if you been employed abroad then exempt with no time limited

if you r self employed working abroad then max 4 years

Thats where it contradicts itself then in the book - doesnt matter now though!

Thanks
xx

nikkym

PPR came up in the Dec 07 exam and i really messed it up as we had only been introduced to it in our revision sessions!! I think if you can demonstrate some understanding of it then you will be fine - i passed and i know that i messed it up!!!

Sounds promising that it won't be tested - fingers crossed for everyone....

...good luck.x

immense

I've think i've got it!!

01/08/85 - 31/07/88 lived there - exempt
01/08/88 - 31/07/92 - 4 years self employed abroad exempt
01/08/92 - 31/07/93 - 1 year any reason exempt (part of the ''3 years away for any reason)
01/08/92 - 31/07/94 - lived there - exempt
01/08/94 - 31/07/07 - last 3 years exempt


So basically the whole lot is exempt, and explains the split. 4 years abroad, 1 year ''any reason'' Does that match your answers in the book?

coocoocadgoo

Lee Manning wrote: »

put this way if it turns up tomorrow then our whole group will complain because our tutor was going to teach it us and then didn't after a phone call with the aat

I bet you'll be complaining now! :ohmy:

speegs

Oh No! Lee. I really feel sorry for you guys. Your tutor was obviously talking out of his bottom when he said PPR had been dropped.

I recommend you contact the AAT, giving your tutors name and your college, and tell what you were told. Surely this is am extenuating circumstance.

I hope they listent to you. Your tutor has really treated you unfairly.

Good luck anyway.

Speegs

Emma1708

How did you find it today speegs?

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speegs

Hi Emma

I have PM'd you. I think it was OK.

Speegs

Emma1708

I have replied

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speegs

So have I

Emma1708

Me too, this could go on a while

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