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Hello
I’ve got the PV of £10.43m if remittances were blocked for four years, however the answer stated if without additional UK tax, if no blockage exists is £12.26m. I can’t get the 12.26 figure.How was it calculated? ThanksThe remittable funds for the first 4 years (before tax) at in the first bit of workings and are 4.13, 3.80, 3.62, and 5.96.
The present value of these at 15% is 12.96.
oh the remittable UK Cash Flows… thank you very much john 😉 i’ve got it. many thanks!
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