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At arms length

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › At arms length

  • This topic has 3 replies, 3 voices, and was last updated 1 year ago by JillyB.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • April 27, 2024 at 7:51 am #704604
    ilham9089
    Participant
    • Topics: 301
    • Replies: 190
    • ☆☆☆

    I’m having trouble understanding what value to use for connected persons. Do we use the market value if it is a connected person? And what is a connected person exactly

    May 6, 2024 at 12:05 pm #705000
    JillyB
    Keymaster
    • Topics: 0
    • Replies: 899
    • ☆☆☆☆

    Connected person is someone you are conncected with – so mother/father, sister/brother, son/daughter

    always use MV with them

    May 9, 2024 at 1:16 pm #705147
    Patrickizzo
    Participant
    • Topics: 11
    • Replies: 13
    • ☆

    So whoever is beyond arms length we use Actual proceeds??

    May 9, 2024 at 3:42 pm #705159
    JillyB
    Keymaster
    • Topics: 0
    • Replies: 899
    • ☆☆☆☆

    yes

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