£40K Relief if no PPR or letting relief

£40K Relief if no PPR or letting relief

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Hi

A person bought  a residential property in 2013/14 and sold it in  2014/15 for a gain.

Owner never lived in the property.

Never let out.

Is he entitled to £40K relief  on the gain?

Please help.

Thank you

Replies (3)

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Portia profile image
By Portia Nina Levin
19th Oct 2015 10:20

No.

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By K81
19th Oct 2015 10:37

why would he?

...what ever made you think he would be?

 

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By WESTA
19th Oct 2015 10:41

Thank you all!

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