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

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Transfer 5% of property ownership to a partner in order to use their PA

  • This topic has 1 reply, 2 voices, and was last updated 3 years ago by Tax Tutor.
Viewing 2 posts - 1 through 2 (of 2 total)
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  • May 31, 2022 at 1:37 pm #656961
    Anonymous
    Inactive
    • Topics: 5
    • Replies: 7
    • ☆

    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?

    June 3, 2022 at 10:29 am #657224
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    There is no percentage ownership set in the legislation and don’t worry the Examiner will not ask silly questions!

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