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thanks for your reply. my worry was that my occupation may not have the degree of 'permanance and continuity' needed for prr, i want to be straight with hmrc and as my intention on purchase was to let it after a certain period would that also count against the degree of permanance needed?
Hi again Keith,
Sorry to come back but can you just confirm for me that the 6 month period of occupation you refer to doesn't mean full- time occupation- one weekend a month for 6 months would be OK?
Have HMRC accepted this in cases you and your colleagues have dealt with?
Thanks very much
Thanks Keith. Just for peace of mind if HMRC were to find out I'd sold the property (I guess they have ways of finding out) and they asked me why I hadn't declared any gain please confirm that I would definitely be OK based on the facts I've given to you.
Thanks but if HMRC were to challenge the reliefs claimed I would definitely be OK?
No, I suppose not!. Can you say though if they've accepted broadly similar circumstances to that I've outlined in your experience. It just seems such a grey area and as a layman one weekend a month just doesn't seem to fit the bill of 'living' in a property as a home.
Last one I promise!! and thanks for your help