ACCA Taxation (TX-UK) (F6) Employment Income Taxable Benefits
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also the 20% is a rule
hi sir i can you tell me when the lectures for the missing chapters will be available (chapters 11-16) thank you
Thank you very much sir for these BRILLIANT LECTURES!!!
Sir why did you charge the 20% on 900 and not 250? as the market value given is 250.
I also do not understand
Where is this 20% from?
still any clue?
still any clue?
20% of 900 is the taxable benefit of the asset when first provided you will be taxed upon the original cost or market value of the asset when was first made available for you to use. the 250 is the market value when gifted and therefore is compared to the original value menos any taxable benefit that you have already been assessed and taxed. and the higher is what you will be taxed on the gifted asset.
be careful here as we are dealing with 2 different matters: first is the use of the asset, second is the gift of such asset.
i hope this will help!