PTX Exam - Residence Election????
stephleedz
Registered Posts: 179 Beyond epic contributor 🧙♂️
Hi,
Just done the mock on the AAT website, Exam tomorrow and no idea what Residence Election is?
Can anyone help??
Thanks
Steph
Just done the mock on the AAT website, Exam tomorrow and no idea what Residence Election is?
Can anyone help??
Thanks
Steph
0
Comments
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http://www.google.co.uk/url?sa=t&rct=j&q=residence%20election&source=web&cd=1&sqi=2&ved=0CCsQFjAA&url=http%3A%2F%2Fwww.taxexpert.co.uk%2Fproperty_tax%2Fppr2.php&ei=cj1FT7nnB5SZ8gPv2KTSBA&usg=AFQjCNEVO0J2iPSS3Jb8_l155P4zrpRYbw
cant see it in my text book either - hope that link helps - if not try searching for it.0 -
Have you looked on the HMRC website? I haven't come across it either.
Did you check the answer?
I have my PTX class tomorrow morning, so I'll try and check.
Good luck,
GP0 -
I had a resident election question in my exam I couldn't find it anywhere either and I can't remember the question0
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I think that it maybe means that if you own more than one residence, then you have to elect which one will be treated as your main one for tax purposes???
I will check in class this morning.0 -
Can't get a definitive answer, but in our Osborne book, there is a section on Principal Private residences, in the Capital Gains Tax chapter -good luck.0
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