LettingoutpropertyGainattributabletoperiodoflettingischargeableonlytoextentitexceedsthelowerof:•Reliefattributabletoowneroccupiedcalculation•Gainarisingduringletperiod•£40,000 CGT-PPR On1June1985JboughtahouseinStokefor£35,000.HeoccupiedthehouseahisPPRuntil1May1987whenhelefttoworkinBristol,livingina...
-Property business income= normal calculation or, -Property business income= alternative calculation= gross rent -7500 16.Premium Landlord: Premium is treated asproperty business income for the year of grant. P-P× 2% (n-1) Where:P = total premium n= duration of lease in years Tenant: prem...