diff --git a/CMakeModules/FindPythonQt.cmake b/CMakeModules/FindPythonQt.cmake
index 73e33868e..e98124f01 100644
--- a/CMakeModules/FindPythonQt.cmake
+++ b/CMakeModules/FindPythonQt.cmake
@@ -89,22 +89,19 @@ set(PythonQt_FOUND 0)
 
 if(PYTHONQT_LIBRARY AND PYTHONQT_QTALL_LIBRARY)
   set(PYTHONQT_LIB)
-endif()
-
-if(PYTHONQT_LIBRARY_V32 AND PYTHONQT_QTALL_LIBRARY_V32)
-  set(PYTHONQT_LIB)
+elseif(PYTHONQT_LIBRARY_V32 AND PYTHONQT_QTALL_LIBRARY_V32)
   set(PYTHONQT_LIB_V32)
 endif()
 
-if(PYTHONQT_INCLUDE_DIR AND PYTHONQT_LIB)
+if(PYTHONQT_INCLUDE_DIR AND (PYTHONQT_LIB OR PYTHONQT_LIB_V32))
   # Currently CMake'ified PythonQt only supports building against a python Release build.
   # This applies independently of CTK build type (Release, Debug, ...)
   add_definitions(-DPYTHONQT_USE_RELEASE_PYTHON_FALLBACK)
   set(PYTHONQT_FOUND 1)
   set(PythonQt_FOUND ${PYTHONQT_FOUND})
-  if(PYTHONQT_LIB_V32)
-    set(PYTHONQT_LIBRARIES ${PYTHONQT_LIBRARY_V32} ${PYTHONQT_LIBUTIL} ${PYTHONQT_QTALL_LIBRARY_V32})
-  else
+  if(PYTHONQT_LIB)
     set(PYTHONQT_LIBRARIES ${PYTHONQT_LIBRARY} ${PYTHONQT_LIBUTIL} ${PYTHONQT_QTALL_LIBRARY})
+  elseif(PYTHONQT_LIB_V32)
+    set(PYTHONQT_LIBRARIES ${PYTHONQT_LIBRARY_V32} ${PYTHONQT_LIBUTIL} ${PYTHONQT_QTALL_LIBRARY_V32})
   endif()
 endif()