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Correct, but will have been rent a room relief. Steps I made were;
– Calculate benefit for fuel
– Work out income tax
– Deduct income tax and expenses from income.
Then do the same again for the income after gift, making note of:
– Reduce expense by rental payments
– Increase expense by house expenses
– Use rent a room relief
I used just PESTEL.
Any idea what the strategy matrix question was about, must’ve dropped a fair few marks there.
Also what were the general benefits & costs for splitting the Audit & Risk committee’s?
