Private Residence Relief (PRR)


PERIODS OF OCCUPATION:

  • ACTUAL occupation
  • LAST 9 MONTHS of ownership is always EXEMPT.

DEEMED OCCUPATION:

  • up to 4 YEARS of absence due to employment of self-employment in the UK
  • ANY PERIOD spent working overseas
  • 3 YEARS for ANY reason. Must be preceded and followed by a period of actual occupation.

Business Use

If all of part of the property is used for business, then the portion relating to business use is NOT eligible for PRR.