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IHT Lecture Part 2 Example 1

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › IHT Lecture Part 2 Example 1

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by JillyB.
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  • May 11, 2024 at 9:12 am #705244
    Patrickizzo
    Participant
    • Topics: 11
    • Replies: 13
    • ☆

    18:07 why is there no need to add the 65500 tax due with the chargeable amount 327500 to reach the gross c/f ? we added 500 in the first transaction with 314500 to reach the c/f gross. why not on the last transaction?

    May 12, 2024 at 3:11 pm #705285
    JillyB
    Keymaster
    • Topics: 0
    • Replies: 899
    • ☆☆☆☆

    Becasue you only add the tax back when the donor is paying it

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