Q on PPR relief in CGT

caats2016

Registered User
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Just wondering if anyone can help me?
Someone selling a PPR with a period where it was not occupied by the owner.
There is an Indexed loss on the CGT calculation so am I correct in saying no tax due?
 
If the sale price is less than the purchase price no tax is due. PPR relief will limit the amount of the loss which can be used against other gains.

Indexation cannot be used to create a loss where there would not otherwise be one or to increase a nominal loss afaik.
 
Thanks There is a small gain without indexation. I knew I couldn't create a loss but I was hoping using indexation would mean no tax due either.
 
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