Mike_Leeds
07-12-07, 17:51
What did you think?
In section 1, did you ignore the entertainment expenses as they were reimbursed?
In section 2, what did you do with the PPR? I allowed the last 3 years as deemed occupation, but I wasn't sure if the '3 years at any time' could be used as well. So I had the rest of the final period (around 1 year and 9 months?) as a period of absence as she was living elsewhere.
I know there's the rule about having to live in the property before and after the deemed occupation. After looking through the rules I'm still not sure about this. If both 3 year exemptions were allowed it would leave full occupation so there would be no gain.
In section 1, did you ignore the entertainment expenses as they were reimbursed?
In section 2, what did you do with the PPR? I allowed the last 3 years as deemed occupation, but I wasn't sure if the '3 years at any time' could be used as well. So I had the rest of the final period (around 1 year and 9 months?) as a period of absence as she was living elsewhere.
I know there's the rule about having to live in the property before and after the deemed occupation. After looking through the rules I'm still not sure about this. If both 3 year exemptions were allowed it would leave full occupation so there would be no gain.