- This topic has 1 reply, 2 voices, and was last updated 6 years ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
- Posts
in the illustration, it says that the cap on claiming the loss relief against total income is actually advantageous because the majority of the personal allowance was absorbed but not all
– why is absorbing majority of the personal allowance better than absorbing all of the personal allowance?
For the record,
due to the cap, the net income was £10,000 so it only uses £10,000 of the available £11,850 personal allowance.thank you.
Hi,
To ask the Tutor, you should post your question here
https://opentuition.com/forum/ask-acca-tutor-forums/ask-the-tutor-acca-taxation-tx-uk-exams/Thank you.
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.