Share this content
0
805

NRCGT

NRCGT calculator

Didn't find your answer?

Search AccountingWEB

Property held 30 year and recently sold when individual is NR. PPR first 24 years and otherwise rented. HMRC's NRCGT calculator adds the last 18 months to the PPR period but the NR period post 05/04/2015 is in excess of 18 months and I don't think the HMRC calculator is necessarily correct. Assuming lettings relief is due on the fraction of the total gain relating to the period rented (on the lowest of the three options) then there is still a nil liability if the last 18 months PPR is ignored in the calculation. Can anyone clarify that the the last 18 months PPR suggested by the calculator should be ignored and that lettings relief is due? 

Replies

Please login or register to join the discussion.

avatar
By Matrix
14th May 2019 21:32

I thought you always get the last 18 months provided the property was the PPR at some point.

Thanks (0)
avatar
By possep
to Matrix
14th May 2019 22:09

Thanks for replying. I did as well but there are posts on here suggesting otherwise.

Thanks (0)
avatar
By possep
15th May 2019 12:43

I have found the answer on this site. last 18 months and LR apply. thanks to By Expat24
09th Sep 2017 17:49

Thanks (0)
Share this content