Hello, I am Keith, one of the experts on Just Answer, and pleased tobe able to help you with your question.
For the period you were working overseas Private Residence Relief (PRR) is extended. However, when you bought your Poole House did you elect with the Inland Revenue as it was then within two years of purchase to which residence you wished PRR to be applied?
HMRC will then make the decision as to where PRR will be utilised from the facts. I suspect that this will be the Poole address from the time you acquired it.
I am sorry to be so obtuse but which house was actually disposed of to the three of you. Your question is unclear on this point.
Regrettably I cannot undertake a phone call as I responding to your question from another time zone six hours ahead of BST.
Do you wish me to opt out of this thread?
Your sale to your son does not appear to have been made at current market value. To assess the position I need to know what that was at the time.
I have decided that your problem is too complex for me to address at this stage so I have opted out. I trust one of my colleagues will be able to assist.
You should ask Just Answer Administration to cancel the fee you so kindly sent me.