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Q 12 Kaplan Kit Ray and Shanira

Forums › ACCA Forums › ACCA ATX Advanced Taxation Forums › Q 12 Kaplan Kit Ray and Shanira

  • This topic has 5 replies, 2 voices, and was last updated 7 years ago by frafiq81.
Viewing 6 posts - 1 through 6 (of 6 total)
  • Author
    Posts
  • November 21, 2018 at 10:44 am #485386
    frafiq81
    Participant
    • Topics: 28
    • Replies: 82
    • ☆☆

    Hi,

    Just wanted to know that why PPR is not available on the gift of house from Shanira to Ray? She is domiciled and resident in UK so she would be charged on worldwide gains.

    Thanks

    November 22, 2018 at 10:50 am #485496
    trebleo
    Participant
    • Topics: 4
    • Replies: 39
    • ☆

    I think I remember this question.

    If the house is not her MAIN RESIDENCE then it doesnt qualify for PPR.

    November 23, 2018 at 11:07 am #485603
    frafiq81
    Participant
    • Topics: 28
    • Replies: 82
    • ☆☆

    Thanks for the response. I think you are right because the question states:

    ‘On 1 February 2018, I gave Ray a house situated in the country of Heliosa. We have only
    ever used this house for our holidays.’

    November 23, 2018 at 11:09 am #485604
    frafiq81
    Participant
    • Topics: 28
    • Replies: 82
    • ☆☆

    @trebleo I assume you have already passed the P6 exam. Did you use BPP or Kaplan kit?

    November 23, 2018 at 11:32 pm #485738
    trebleo
    Participant
    • Topics: 4
    • Replies: 39
    • ☆

    Hi Frafiq,
    I wish this was behind me. This is my first attempt. I am using Kaplan revision kit. I’ve used BPP before for other modules. They are both good. Perhaps Kaplan is slightly better.

    November 25, 2018 at 5:52 pm #485958
    frafiq81
    Participant
    • Topics: 28
    • Replies: 82
    • ☆☆

    @trebleo It will be :), we are getting closer. Okay, I was asking because I dont get much time to practice while working full time. Kaplan kit has 80 questions whereas BPP has around 55-60 including the mock questions so i thought i should at least do the questions in BPP. Yes, kaplan text and kits are better for P6.

    Thanks

  • Author
    Posts
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