Capital Gains Tax Principle (PPR)
Posted on 22nd May 2019 at 12:25
Capital Gain Tax Principle Private Residence Relief (PPR)
There are two unwelcome changes to this popular and long standing relief and these are:
Lettings relief will be reformed such that from April 2020, it will only apply in cicumstances where the owner of the property is in shared occupancy with the tenant.
The deemed occupation period will drop from 18 months to 9 months - also from 2020.
Both of these are subject to consultation.
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