Valuation date for net family property, my notes and the key disagree
Notes say the figure is worked out at separation. A question I did used a different moment entirely and the arithmetic falls apart if I pick wrong. Which is current?
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Best answer
Both can be right and your notes are only showing you the usual case.
The date is the earliest of a short list of events, and separation with no reasonable prospect of resuming is the one that happens most often, which is why a summary collapses into saying separation. Death is on that list too, and so are a couple of others, so a pattern that kills somebody off or has a party apply for something is choosing a different date on purpose.
Find the list in your chapter and copy it out. Four or five lines and it stops the arithmetic collapsing.
earliest of a list rather than one date. that explains every question I got wrong in that set, which was all of them.
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