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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?
isn’t it expensive living accommodation since it was purchased 35 yrs ago and market value more than 245000?A fellow student suggests it is because the original purchase price is below 75000 on the following thread below.I personally had never heard of this exception.
https://opentuition.com/topic/kaplan-f6-exam-kit-q15/
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