PPR and Letting Relief

Amie

Can someone confirm on the following

Property brought 29 Nov 2010
Empty until 1 Mar 2011
Rented until 1 Aug 2011
Owner moved in and rented again (herself and 3 lodgers) until sale in Aug 2015

NP - 241,307
Cost (193219)

Gain - 48088

PPR calculated on this gain

48088/56*48 = 41218

therefore chargable gain 6870

No need to calculate Letting Relief as gain is covered by AE?

Is this correct??

Thanks

arjun

Given the gain was only 6870, you are absolutely right but be careful of any other CHargeable CG.