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Passed P3 ,first attempt 54%.
Was able to crack because of Prof. Dino’s Webinars & lots of question practice.Passed P1 with 55 % -second attempt along with P3( 54%).
Its a great relief.
Thank you Open tuition.The loss of 24800 is relived against that years chargeable gain of 6600,thus leaving 18200 unrelieved loss which is carried back against profit of 21900.
After carry back remaining profit of 3700 along with the chargeable gain of 3500 adds to 7200 -the answer.That is because relief is not available for normal commuting costs.
In general terms relief is only available for the costs that an employee is obliged to incur in traveling in the performance of his duties or in traveling to the place he has to attend in performance of his duties.
The fact that Ali uses his private motor car on business journeys makes him eligible for Mileage allowance.
But I’m unsure of how 496 mileage allowance is calculated .
