Jamil purchased a property in Scotland on 1 August 2007 and lived in it until 31 July
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Question:
Jamil purchased a property in Scotland on 1 August 2007 and lived in it until 31 July 2008 when he moved overseas to take up an offer of employment. He returned to the UK on 1 August 2013 and moved back into the house until January 2014 when he moved out permanently and went to live with his father. The house was let out between 1 February 2017 and 31 January 2019. The house was then put up for sale and was finally sold on 31 July 2019 realising a gain of £90,000.
3.2 How many extra exempt months would there have been if Jamil had moved back into the house between 1 February 2018 and the date of sale?
A 48 months
B 36 months
C 6 months
D 0 months
0.5 Marks
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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