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I understand you can only have one PPR at any one time, does this mean than the any three year rule (where the you have lived in the property before and after the 3 years) only applies if you do not have another PPR during these three years?

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By johngroganjga
25th Jun 2014 08:53

It's now 18 months not 3 years - but happily it is an exception to the rule you refer to.  Yes you get PPR for the last 18 months regardless of whether you are living there and regardless of whether you already have a new PPR.

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By Paul D Utherone
25th Jun 2014 09:37

I don't think

the OP is referring to the final 36 (18) months, but a gap in the middle of ownership with use as PPR before & after.

I always had in mind that for that period you could not have another residence in the gap, but quickly re reading the legislation that looks not to be so

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By Steve Kesby
25th Jun 2014 09:44

The three years...

... is deemed occupation of the property, not simply deemed PPR. You can only have one "only or main residence" at any one time (that's what "only or main residence" means), whether you're deemed to occupy it or not.

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By johngroganjga
25th Jun 2014 10:11

More haste less speed

Sorry yes I misread the question and what sort of 3 year period it was referring to.

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By Chris08
25th Jun 2014 10:18

absence rules

To clarify, the period of absence rules deem the property to be a residence for a period of time when you were not physically living there. So as Steve says you then have to consider other residences and which was the main one. 

As the facts of usage will probably determine the property of physical residence to be the main home, usually an election is needed for the property of absence to qualify for PPR.

And don't forget that the home of physical residence could still be considered the main home if it is not owned but rented - although HMRC do by concession accept late elections in that specific scenario. 

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By Jigs
25th Jun 2014 15:38

Thanks for your comments all, so to clarify if in the 'middle three year period' to which I refer only qualifies as an exemption if the client did not have another PPR during this period?

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