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
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?
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