TXLease Premiums and ISA's – ACCA Taxation (TX-UK) Exam FA2019YouTube videoPlay video2 CommentsSShraddha·5y agoI also have the same doubt.BBhavesh·5y agoI am a bit confused with the approach used in Example 6. The answer for Example 6 is GBP 37,200/20y = GBP 1,860 per the notes. Shouldn't it be (37,200/20)*(9/12) = 1395 to account for the accrual of only 9 months falling in the tax year? (July19 to March20) Grateful if someone could please advise. Thanks in advance.Leave a commentPost comment
The answer for Example 6 is GBP 37,200/20y = GBP 1,860 per the notes.
Shouldn't it be (37,200/20)*(9/12) = 1395 to account for the accrual of only 9 months falling in the tax year? (July19 to March20)
Grateful if someone could please advise.
Thanks in advance.