rental property and claim as PPR
I've two houses - both of which I rent out. I'm caring for my elderly parents, so live in their house with them.
But, in the times when my rental properties are empty, I go live there for say a month in-between tenants to decorate etc. I live there for that month or so.
So, do I need to make a "claim" to the HMRC for periods I live in the rental properties to keep my PPR allowance when I come to sell? Like do I need to build up a "dates rented dates lived in" list?
Or because i live in a property I don't own, can I allocate one of the rental properties as my PPR although it's rented out? Then switch each year or whatever?
If I need to make any claims, will a letter do, or should it be on a specific form?
- Are there Special Rules for Agencies? 318 5
- Funding Circle Servicing Fee 113 2
- SA online - 4 hour limit 1,247 12
- Alerting clients versus walking away from clients 381 5
- Surprise visit from HMRC! 2,447 18
- Vat 239 4
- CT/CIS offset 102 2
- Statutory accounts, current company address, or one that was correct at EOY? 153 4
- Trade name 155 3
- Musician - Allowable Travel expenses 126 1
- New business - journal entries 300 20
- B2B vat in the EU 102 2
- Stamp duty on multiple property transaction 307 18
- Why should I retain membership? 2,652 45
- VAT on deposits 201 2
- VAT clearance for determining the correct rate to apply 122 1
- Annual tax investigation cover fee? 399 12
- option to tax 202 1
- Share of profits from building society 95 1
- sage vat journal 85 1
- Auto enrolment excuses 775
- Feedback on accounts production software for IFRS 704
- Add T&Cs to Sales Order in Sage 382
- Social investment tax relief 201
- Digita Hosted Software 196
- Call Centre Data Costs 190
- Buying goods in US and selling them to company in US 154
- Travel costs and contractors 148
- Problems with Sage 50 Payroll v21(2015) 138
- Certificates of tax deposit 133