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Ask the Tutor ACCA TX-UK

Transfer 5% of property ownership to a partner in order to use their PA

Former userFormer user4y ago
Hi sir. Thank you for the nice lectures. You mention in the lectures the option to transfer a nominal amount of property ownership to the partner, and you use the example of transferring 5%. How would it be if the partner would transfer only 1%, or even less, of the ownership to their partner? Would the 50:50 role apply in this case?
TTTax Tutor4y ago#1
There is no percentage ownership set in the legislation and don't worry the Examiner will not ask silly questions!
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