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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › At arms length
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
Connected person is someone you are conncected with – so mother/father, sister/brother, son/daughter
always use MV with them
So whoever is beyond arms length we use Actual proceeds??
yes
