PPR qualifying period while living in employer accommodation?

PPR qualifying period while living in employer...

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Hi all.

I just want to know whether this period of occupation still qualifies for PPR and also what the impact would be if it was let in this period.

The property was owned from 1981 and may be sold depending on the tax implications.

I am an accountant advising a potential client.

Many thanks

Steve

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By Steve Kesby
23rd Apr 2014 11:25

Yes

If the individual is living in genuine job-related accommodation, they're deemed to still be occupying the former main residence as a residence, and there's no need to return to it afterwards, by virtue of TCGA 1992, s. 222(8).

Care needs to be taken though that the job-related accommodation doesn't itself constitute a residence. If it does, then an election is necessary under  s. 222(5). More likely than not though it will be occupied under a service tenancy, meaning that HMRC will not regard it as a residence.

See CG64555.

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Replying to tom123:
Steve Edwards
By stevo5678
23rd Apr 2014 14:31

Fantastic, thanks Steve for your quick and precise advice.  Just what I was looking for :)

 

Saves me some time digging through books!

 

Steve

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By Helen Crowley
23rd Apr 2014 16:55

Are you certain that it is "job related accommodation"

and not just employer owned accommodation? For example military personnel living in "quarters" do not qualify as living in job related accommodation.

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Steve Edwards
By stevo5678
25th Apr 2014 14:25

Hi Helen,

 

I am only looking at this at a general level at present as the client hasn't provided all of the details but will surely bear that in mind thank you.

 

Steve

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