Assessable Benefits P11D Employees

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Comments

  1. avatar says

    From the question the list price is – 22,600.

    As per notes page 63 (e) (ii), “the list price is reduced by any capital contribution from the employee …..”

    Therefore: List Price (22,600) – Contribution(1,200) = 21.400

    Then 21,400 *35% = 7,490
    :)

  2. avatar says

    i don’t remember breaching the rules about downloading and any way since the lectures are no downloadable i can’t understand why i can’t even access the on line lectures any help. think my ip has been blocked

  3. avatar says

    Example 4: Ref. Carla

    First: As per notes page 63 (e) (ii), “the list price is reduced by any capital contribution from the employee …..”

    My solution: (22,600-1200)x 35% = 7490 (1200 deducted from “list price”)

    Answer in notes: 22,600 x 35% – 1200 = 6710 (1200 deducted from list price having applied the 35%)

    Which is correct!? :-)

    • avatar says

      @wgkeating, contribution towards the private use of car is different from capital contribution,..for the private use contribution you deduct it from the assessable benefit-i.e, from 22,600 x 35%

    • avatar says

      @wgkeating, Im waying in late on the question but the 1200 is the employee contribution which is decucted after the list price is ascertain. the only adjustment to the list price would be to add the cost of any accessories or to substract any capital contribution made by the employee. the answer in the notes is correct

      • avatar says

        @cynthialynch,

        From the question the list price is – 22,600.

        As per notes page 63 (e) (ii), “the list price is reduced by any capital
        contribution from the employee …..”

        Therefore: List Price (22,600) – Contribution(1,200) = 21.400

        Then 21,400 *35% = 7,490
        :)

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