As regards to ancillary services, the latter are classified as investment properties if they are insignificant.
Isn't providing housing for low-income employees an exampl me of ancillary services ?
Thank you in advance!
Ask the Tutor ACCA SBR
Dec 2012 Blackcutt (a)
Hi,
It isn't an ancillary service. Although rental income is being received it is not significant for it to be considered as an investment property.
Thanks
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