Forum Replies Created
- Posts
The question says “2021” but Aurora died in 2023, PLUS, the NRB referred to in the question is “NRB @ gift” to Aurora and “NRB @ Death” to her husband because he died in that year
I understand TX mainly due to your lectures. Please pardon my it-should-be-obvious questions
I understand that Jill, but it is not mentioned in the question.
The question only says: “On 30 April 2021, Tony had made a PET of £400,000 to his son.”Thank you.
However, I have no problem with the calculations; the wording was unclear.
But I think it is now.Question reference: Edwen Co; Section B; Risk Management; BPP Kit (2023)
“…so both are fundamentally annual rates that are adjusted for the specific duration of the transaction.”….. This is an excerpt from your reply.
I’m not sure of the correctness of your statement, Sir.
Similar wordings were used to solve a similar question in the BPP Kit, but it was NOT pro-rated in the BPP Kit because it already said, “3 months rates”I understand that one has to be for borrowing and the other, for depositing – that is not what I’m doubtful of.
Why is a similar wording used in BPP Kit but the treatments are different, Sir?MCQ1: Understood. Thank you.?
BUT…
The 2nd question I asked is NOT for “group losses purposes,” rather, it’s for GAINS – where the rules are different. For example, the indirect relationship need only be >50% and the parent’s residency is not restricted.I do understand the “>50% indirect relationship rule” for GAINS, but I want to clarify this rule which is stated in your manual for GAINS: “A group consists of a parent company and its 75% subsidiaries, and also the 75% subsidiaries of their subsidiaries”
What does the mention of “…and also the 75% subsidiaries OF THEIR subsidiaries…” mean?Yet, does this mean that furnished holiday lettings are treated on the accruals basis “by default”?