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Question states 20% private use, but answer takes it was 60:40 – seems as an error.
More important wendy has salary income – annual salary of 40K. For the assessment year 2014-15 – his business income is taken for the period from July 14 to 5th April 15.
However his salary is taken only for 3 months (Jan 15 to March 15), in the answer in Page 187.
Could you please explain the reason for this and why salary for same period of July 14 to Mar’15 is not considered, same as business income?I think you need to look again very carefully at this example as there is little of what you say that is accurate.
In respect of the salary, Wendy was only in employment until 30 June 2014 – there is no salary after that date as it was from then that she started in self employment!! The 3 months salary is from April – June 2014 NOT January to March 2015!!
The private use restriction is for the car used by Wendy – 60% business use! You are quoting the other car where there is private use by an employee which is NOT an issue for the capital allowances computation!Thank you for your patience and the explanation. Apologies for writing without double checking.
Warm regardsNo problem hope you have gone back to the notes and now resolved the problems you had with the example
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