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Dear Jill,
Please check the answers to MCQ2 and MCQ3.
For MCQ2, the answer you provided in the lecture notes is “A and D”, but in the lecture video you provided “A and C”.
Option C is FALSE because AEA is not deducted BEFORE the current year Capital losses are utilised against CY gains. Still, you explained in the video why option D is FALSE.
Should the correct answer be A&D or A&C?Also, for MCQ3, is the holiday villa not a “commercial investment property”?
The word “holiday” could mean it is NOT a residential property so it should NOT be taxed at 28%.
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