Just an idea

00ec25

CLAPTON wrote: »

1. it would seem to me that the last '3 years' of relief have been ommitted.

so the PPR relief will be 13/30 rather than 10/30

2. I don't see how election of PPR would be relevant for a rental property; it only applies where they are genuinely two residences both used by the ownere for their own useage.

oops , quite right , my excuse is its a Friday and Friday lunches are spent down the pub :beer: perhaps I should have :coffee: before i started writing

have (slightly) sobered up now so have edited the answer (plus corrected an error about dates and some other gibberish you kindly didn't mention :whistle:)

jimmo

00ec25 wrote: »

BTW - when you both move back to the ex rental property if she ever makles you a joint owner then you will not inherit her PPR for the period 1982 - 1992 so you'd best take advice about what to do then as it will change her tax calculation if you become a joint owner

I don’t think that’s entirely accurate.
The key question is whether the couple are actually occupying the property at the date of transfer of ownership into joint names.

http://www.hmrc.gov.uk/manuals/cgmanual/cg64950.htm

http://www.hmrc.gov.uk/manuals/cgmanual/cg64953.htm