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expensive living accomodation

Forums › ACCA Forums › ACCA TX Taxation Forums › expensive living accomodation

  • This topic has 0 replies, 1 voice, and was last updated 10 years ago by sasha.
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  • August 8, 2015 at 1:33 am #266182
    sasha
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    • Topics: 99
    • Replies: 141
    • ☆☆☆

    A is provided with non job related accommodation by her employer, which the employer purchased 35 yrs ago at a cost of 72000. the property has an annual value of 2600 and had a market value of 245000 when first made available to A 8 yrs ago. A pays 250 per month to her employee to live in the property?

    so, I think this is expensive living accommodation since it was purchased 35 yrs ago and market value is more than 750000.
    but in answer, it was not considered expensive living accomodation

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