[ksay2mbd]

Thank you for such a quick reply!

In the past exam mark sheets, the answers multiply the subsidy percentage with (1-T). in this example it would have been 100$ x 1% x (1-30%).

I dont seem to understand why do they take TAX into consideration on subsidy.

[ksay2mbd]

wooohoooo passsed. Congratulations to everyone else who did.

[ksay2mbd]

ohh yes. thats a relief to know.

i need to work on my T accounts,

[ksay2mbd]

it would be the same calculation. go and see the video on 7 year cumulation period again. when calculating the nil rate band available for any CLT or PET, we always look if there is any “CLT” in 7 years period prior to that transaction.

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