Deemed Occupation Periods - A 30 Minute Guide to CGT Reliefs
Introduction
Did you know that clients don't always need to physically reside in their homes to qualify for principal private residence relief (‘PPR’ or ‘PRR’)?
The legislation offers several periods known as ‘deemed residence’, which allow clients to be absent from their homes yet still claim the relief.
While there are complications and conditions involved, understanding these valuable reliefs is essential for all advisers.
What You Will Learn
This short webinar will cover the following:
- Defining deemed occupation and its implications
- Maximising opportunities within the final nine months of ownership
- Navigating the complexities and benefits for clients working abroad
- Considerations for clients conducting work within the UK
- Dispelling myths around the necessity of valid reasons for absence
- Addressing scenarios where the property isn't immediately ready for occupancy upon purchase
This webinar was recorded on 12th September 2024
You can gain access to this webinar and 1,700+ others via the MBL Webinar Subscription. Please email webinarsubscription@mblseminars.com for more details.