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BPP KIT N37 HAHN

Forums › ACCA Forums › ACCA ATX Advanced Taxation Forums › BPP KIT N37 HAHN

  • This topic has 1 reply, 2 voices, and was last updated 6 years ago by frafiq81.
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  • April 10, 2019 at 4:36 pm #511697
    marysterling
    Participant
    • Topics: 10
    • Replies: 1
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    Why for part a) £6 from Ruth was not added to qualifying asset already purchased by group companies?

    April 24, 2019 at 10:24 am #513969
    frafiq81
    Participant
    • Topics: 30
    • Replies: 87
    • ☆☆

    For being part of the gains group the subsidiary should own 75% of the subsidiary (1st condition to be met for being a member of gains group), Lise owns only 70% of Ruth even though Hahn owns more than 50% of the of Ruth (2nd condition to be met for being a member of the gains group). Since Ruth is not a member of the gains group so the purchase of the asset by the company will not qualify for ROR.

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