Ptax 2015
Options
chloedee
Registered Posts: 5
I am confused. I am completing the activities in the Osborne Personal Tax 2015 tutorial book and question 7.6 is relating to
Robert who bought a house then moved into his parents for a few years etc. The question asks which periods would be treated as occupied and then asks for the chargeable gain on the property when he sold it, but it also states that this is his only property so I would have assumed there is no chargeable gain???
Robert who bought a house then moved into his parents for a few years etc. The question asks which periods would be treated as occupied and then asks for the chargeable gain on the property when he sold it, but it also states that this is his only property so I would have assumed there is no chargeable gain???
0
Comments
-
Hi
Treating a residence as your PPR is a matter of fact so you have to actually live in it to claim relief (exceptions for deemed period of occupation).0 -
Thank you for clearing that up for me
0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 18.9K For AAT students
- 268 NEW! Qualifications 2022
- 147 General Qualifications 2022 discussion
- 9 AAT Level 2 Certificate in Accounting
- 44 AAT Level 3 Diploma in Accounting
- 65 AAT Level 4 Diploma in Professional Accounting
- 8.9K For accounting professionals
- 23 coronavirus (Covid-19)
- 274 VAT
- 92 Software
- 274 Tax
- 138 Bookkeeping
- 7.3K General accounting discussion
- 194 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 352 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 590 Job postings
- 17 Who can benefit from AAT?
- 36 Where can AAT take me?
- 44 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 65 AAT membership