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161 Mick Bpp

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › 161 Mick Bpp

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by Tax Tutor.
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  • February 7, 2022 at 3:28 am #648221
    Sourav9271
    Participant
    • Topics: 164
    • Replies: 117
    • ☆☆☆

    In ques it is mentioned that shares were disposed in an unquoted trading company.
    And the ques asked to mention the available relief.

    Answer= BADR.

    Sir,
    Isn’t BADR available for unincorporated business?
    And Investors relief available for unquoted trading company.?

    February 7, 2022 at 12:14 pm #648234
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Both reliefs are available to individuals only when investing in qualifying business assets – which are detailed in the study notes,
    BADR – on disposal of an unincorporated business or shares in qualifying company
    Investors relief only on qualifying shares

    Always refer firstly to your study notes

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