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PPR Calculation - Part Months - examples

landlord1234
Posts:85
Joined:Sat Nov 26, 2011 3:39 pm
PPR Calculation - Part Months - examples

Postby landlord1234 » Sun Jan 15, 2017 2:27 pm

I have been researching PPR , and believe I understand the principles.

However, all the examples relate to very neat cases where someone owns the property for a whole number of months, and is claiming PPR for a whole number of months.

I cannot find any real world examples where things happen in part months.

So, let's say the the property is owned for 130 months and 16 days , and PPR is claimed for 26 months an 12 days ( plus 18 months )

Do you , round up, round down , or calculate in days not months ?

I'm not looking for any maths help here , i'm comfortable with the arithmetic, but can't see any advice on whether to round up , down or whatever.

I've run my example with various options and it doesn't make a huge difference to final sum, but would like to use best practice.

Peter D
Posts:10668
Joined:Wed Aug 06, 2008 3:37 pm

Re: PPR Calculation - Part Months - examples

Postby Peter D » Sun Jan 15, 2017 3:06 pm

You can calculate the PPR in whole days. Regards Peter


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