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Deduction against list price

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Deduction against list price

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by Tax Tutor.
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  • June 13, 2020 at 1:09 pm #573726
    Noah098
    Member
    • Topics: 935
    • Replies: 352
    • ☆☆☆☆☆

    Dear sir,

    as per the TX rules for FA19, i understand that if a new car is being bought for an employee then any contribution paid by the employee towards covering the list price is deducted from the list price. I just wanted you to confirm one thing, the cap ex. contrn made by employee towards the list price of a second hand car will also be treated in a similar manner, right?

    June 15, 2020 at 10:40 am #573837
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Whether a car is bought new or 2nd hand we use the same method of computing the assessable benefit

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