Good afternoon,
An individual becomes UK resident in tax year 2016-17 and sells his house abroad (this has been his only residence for a number of years). Is the gain covered by PPR relief or do I need to look at the 90 day-rule?
Reading the anti avoidance legislation introduced in 2015 (TCGA 1992 s222B) it's not clear whether this applies only to someone having two residences or anyone being a tax resident in a country and disposing of a home in another country. Am I missing something?
Thank you.