Hi - Once PPR exemption conditions are satisfied; they further extend for a Three year period from the date you moved out in Jan 2007.

So far you have continuous exemption because you have moved back into the flat around Jan 2009 when you returned from working abroad.

You then moved back for a year until 2010 which reinstates the PPR exempt allowance. Then from moving out again in 2010 the whole cycle repeats and you have a full Three years again..... hence no liability.

If you sell the flat now or before 2013 (the Third anniversary) there will be no CGT liability.

If you retain and sell the flat after 2013 you would still be allowed to claim, 'private letting relief' ...qualifying because it was rented out as private accommodation, this reduces the amount of CGT that you would be liable for.

You would have to seperately research prvate letting relief, as I cannot immediately bring those conditions to mind.

Hi all

Hope someone can help, as i am very confused by PPR relief on CGT on the sale of a property

I purchased a flat in Jan 2005

I lived there for 2 years as my only residence

I then moved abroad for 2 years due to work and let the flat during this time

I then returned and lived in the flat for 1 year

I then moved out to rented accomodation and for the last 2 years have been letting it out again.

If I now sell the property am I liable for the full whack of CGT on the profit or would I benefit from PPR?

I've tried looking at the DirectGov advice but it is truly confusing

Many thanks to anyone who can help!