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Beneficial loans

This topic has 2 replies, 3 voices, and was last updated 9 months ago by Anonymous.

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April 1, 2022 at 1:14 pm #652509
agbeninof
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In example 6 of chapter 9. Using the average method, shouldn’t the figure be 500 and not 562 as stated in the answer section?
2% of 25000 is 500 and not 562.. please clarify
April 5, 2022 at 12:12 pm #652740
Tax Tutor
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Many thanks for letting me know about this – the figure has not been updated from the previous year’s official rate!
I will arrange for the answer to be amended accordingly!
April 14, 2022 at 12:15 pm #653295
Anonymous
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Tax Tutor wrote:In example 6 of chapter 9. Using the average method, shouldn’t the figure be 500 and not 562 as stated in the answer section?
2% of 25000 is 500 and not 562.. please clarify
This error still exists in the online notes despite requesting you to have it amended for FA 2021. Please have somebody earnestly look into it.
Thank you.
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