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Answer 7 in the taxation – saws the balancing allowance is £9,500. HOwever I calculate this as £8925. This is the sale proceeds £9,500 less NBV of £17,625 = gives a loss of £8925
Which is correct?
Answer 7 in the taxation – saws the balancing allowance is £9,500. HOwever I calculate this as £8925. This is the sale proceeds £9,500 less NBV of £17,625 = gives a loss of £8925
Which is correct?
