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partnership overlap relief-practice question 18

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › partnership overlap relief-practice question 18

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by AvatarTax Tutor.
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  • May 28, 2018 at 3:15 pm #454406
    Avatarhagun527
    Member
    • Topics: 17
    • Replies: 2
    • ☆

    hello
    in the practice question 18, when Betty resigned the partner,why she could use the total overlap relief of the partner 3000?
    this relief doesn’t need to splite between Anne and Betty as 1:1?
    so if when Anne resign the partner, she can also use this 3000 overlap relief?
    thanks

    June 3, 2018 at 2:39 am #455647
    AvatarTax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    The question clearly states that EACH partner has overlap profits of 3,000! Remember that we assess each partner on their share of the adjusted trading profits of the partnership – we do not assess the partnership!

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