*** ACCA Paper TX June 2019 Exam was.. Instant Poll and comments ***

@delamanisp said:
I am not sure if we had to use the 50% rule for finance cost. If I recall correctly, it did not mention anywhere that the property qualified for furnished holiday letting. Am I missing something here?

Yes, FHLs allow for 100% deduction for mortgage interest while residential lettings have reduced this to 50% with a 20% of the other 50% for 2018/19. It’s reduced further in 19/20. The government are trying to reduce the number of buy to let landlords by making it less profitable. Same with hefty stamp duty hikes for second homes (presumably covered in ATX).

The paper was okay, but what i have observed is that we have to attempt the mock exams, that can able to hone our exam skill.