PLTX FA2018 - PPR

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KikiM
KikiM Registered Posts: 8
in Personal Tax
Good evening,

i hope everyone is staying safe

I wonder if anyone can help me. I am completing a few questions on PPR however am slightly confused by these 2 questions below. As explained in the notes Deemed Occupation the period of time working/living abroad is capped at 48 months (4 years).



In the first question it details the individual lived abroad for 52 months whilst she was working/living abroad.



However as you can see in the solution it has been capped at 48 months.



This is fine and i can see why it has been capped.

However in the question bank the individual lived abroad for 5 years whilst she was working/living abroad.



But in the solution it is not capped at 4 years but the whole 5 years is exempt.



Am i missing something or is this solution in the question bank incorrect.

Thank you for any guidance in advance! :)

Comments

  • douglasstroud
    douglasstroud Registered Posts: 295 Dedicated contributor 🦉
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    Not sure I see what you mean, how many months do you think there is between
    1st August 2002 and the 31st July 2006 ?
  • Duchess1
    Duchess1 Registered Posts: 85
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    @douglasstroud I think he might be referring to the second question....
  • douglasstroud
    douglasstroud Registered Posts: 295 Dedicated contributor 🦉
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    In the first question it details the individual lived abroad for 52 months whilst she was working/living abroad,
    Is what the OP said

    I dont see what is wrong with the answers given, Question 1 = 48 months is correct and Question 2 = 5 years is correct
  • KikiM
    KikiM Registered Posts: 8
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    Why is 5 years correct if it is meant to be capped at 4 years?
  • douglasstroud
    douglasstroud Registered Posts: 295 Dedicated contributor 🦉
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    Working abroad through employment is not capped, only self-employment or employment in the UK is capped
  • KikiM
    KikiM Registered Posts: 8
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    Oh yes i see that now. I knew there would be a simple explanation. Thank you :) There is just so much to learn in the personal tax syllabus

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