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Sir please
about property income
the office was let throughout the previous year. premium for 10 years lease. the annual rent is 4400 which is payable in advance. if the trading adjusted profit is for 6 months, i got:
(10000 X 51-10/50) + 4400/2
as for 6 months but the answer uses the annual rent. Im confused as we dealing with 6 months period not 1 year.There would appear to be an error in this question and answer for the chargeable accounting period is indeed a 6 month period but the question then refers to a 12 month period in relation to the rental which is clearly wrong!
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