CGT relief while refurbishment going on

[NeilH]

Hi i wonder if anyone can help on this - i own a rental house which as bought about 13 years ago, At the time of purchase i already owned my own home on which was beginning a process of refurbishment/extension. The idea was id live in the newly bought investment house for 7-12 months while the works completed, then move back into my orignal home and rent the investment house.
question is , does this 7-12 months of occupation count for a PPR relief claim for when i sell it? i owned two homes at the same time, but couldnt really live in my regualr one due to the refurb.

thanks in advance

[mullet]

does this 7-12 months of occupation count for a PPR relief claim for when i sell it

No. Because you occupied the investment property for a temporary purpose and returned to your original home. I realise that your original home was uninhabitable, but that does not trigger relief for your investment property.

[Peter D]

I concur. Temporary residence with no intention of making it your permanent home. Regards Peter