Hello mam, why is the figure for accountancy balance 0, does that mean that expense in respect of calculating John's capital gains tax liability is allowable?
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Chapter 4: Practice question 8
You seem to have misread the question - it says 950 is John's private costs as part of the accountancy in the accounts of 3050.
of this amount - the 950 - 200 is allowable - and 750 is not allowable and needs to be added back as the answer says - so 750 added back - balance 0
Alright thank you very much I really had misread that statement. Now I understand. Thank you
ok
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