Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › MCQ 2 &3 on CGT for Individuals – Chapter 11
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JillyB.
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- August 15, 2024 at 9:00 am #709716
Dear Jill,
Please check the answers to MCQ2 and MCQ3.
For MCQ2, the answer you provided in the lecture notes is “A and D”, but in the lecture video you provided “A and C”.
Option C is FALSE because AEA is not deducted BEFORE the current year Capital losses are utilised against CY gains. Still, you explained in the video why option D is FALSE.
Should the correct answer be A&D or A&C?Also, for MCQ3, is the holiday villa not a “commercial investment property”?
The word “holiday” could mean it is NOT a residential property so it should NOT be taxed at 28%.August 15, 2024 at 1:34 pm #709732MCQ 2 the answer is A and C – sorry for the error
MCQ 3 if it’s not commercial – ie furnished holiday accomodation and it’s not their mani residence then as a house it will be taxed at 28%August 15, 2024 at 10:11 pm #709776Thank you.
But Jill, why is option C on MCQ 2 correct?August 16, 2024 at 6:35 pm #709906Becasue that’s the rule
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