[aleksandarkostadinov]

Question:

Step-acq or step-dis where control is retained, we are remeasuring the NCI and in BPP study text there are 2 formulas

first one:
NCI increase= net assets x nci % increase/ nci % before disposal

second one

NCI Increase = NCI before step disposal x nci % increase/ nci % before disposal

Which one should i use??
When i try with both i have two different results…
Is it connected with the measurement of NCI (full goodwill or proportional method)?

I just dont get it.

Thanks in advance

[aleksandarkostadinov]

I got the same test, also the same answer (£5,835).

About the capital allowances part in the last question, warehouse and the integral parts of the warehouse are not allowed. (buildings, bridges and integral parts of these components).

Btw, it was the same pattern, the first MSQ – CGT, second – IHT and the third – VAT.
As an international student and English as a second language, it was very easy.

Thank you Open Tuition!

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