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jointly owned assets

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › jointly owned assets

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by Tax Tutor.
Viewing 2 posts - 1 through 2 (of 2 total)
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  • August 10, 2017 at 7:45 pm #401400
    pulkit0908
    Member
    • Topics: 2
    • Replies: 0
    • ☆

    dear sir
    since rental income is n.s income, for the civil partner to whom we wish to transfer part/full asset, why do we use a nil rate band for the tax purposes as used in tax computation of saving income?

    August 14, 2017 at 2:59 pm #401794
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Are you referring to the OT course note example? If so there is no nil rate band on non savings income as you rightly say,but there is the use of the PA

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