Three tenants in common own a property. It has been rented in the past but is now the PPR of all three, father, mother and unmarried daughter,it is planned to sell
After PPR relief for the period of residence, the chargeable gain is around £100,000. Can a claim forlettings relief against this chargeable gain be made? If so, and as all three are in residence as their PPR, are they entitled to lettings relief of £40,000 each (£120,000 total), which would eliminate the capital gain?
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