Primary residence election


T

Tim Woodall

Hi,

I bought a flat in London in October and I'd like to elect it as my
primary residence.

I have two questions:

1. How do I do that? No amount of searching on the hmrc website has
brought me to any forms or other instructions.

2. Can I back date the election to the date I bought the flat or will
it be from whenever I send the notice?

Thanks,

Tim.
 
Ad

Advertisements

T

Tim Woodall

Hi,

I bought a flat in London in October and I'd like to elect it as my
primary residence.

I have two questions:

1. How do I do that? No amount of searching on the hmrc website has
brought me to any forms or other instructions.

2. Can I back date the election to the date I bought the flat or will
it be from whenever I send the notice?

Thanks,

Tim.
I found this:
http://www.hmrc.gov.uk/manuals/cgmanual/CG64520.htm

Which says that it's just a letter, there's no form.

And this:
http://www.hmrc.gov.uk/manuals/cgmanual/CG64497.htm

Which I think says that I can specify the date (i.e. it can run from
the date I bought the flat)


Only found via google that took me to a tax adviser site that had a
broken link to an old version of CG64520 and then doing another google
for CG64520

Tim.
 
R

RobertL

Hi,



I bought a flat in London in October and I'd like to elect it as my

primary residence.



I have two questions:



1. How do I do that? No amount of searching on the hmrc website has
brought me to any forms or other instructions.

2. Can I back date the election to the date I bought the flat or will
it be from whenever I send the notice?
http://www.hmrc.gov.uk/manuals/cgmanual/CG64520.htm tells you how to make such an election. But if you do not make an election how is the matter decided (should the need arise)? Is it the simply a matter of fact which was your primary residence?

Robert
 
Ad

Advertisements

T

Tim Woodall

http://www.hmrc.gov.uk/manuals/cgmanual/CG64520.htmtells you how to make such an election.  But if you do not make an election how is the matter decided (should the need arise)?  Is it the simply a matter of fact which was your primary residence?

Robert
Thanks.

Yes, if you do not make an election then it is decided on the facts.
If you do make an election then provided it's a valid election then
the facts don't matter. Additionally, once you've made an election you
can change it again at any time. So it makes sense to make an election
even if currently the default would be what you would want.

Tim.
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top