20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for December 2025 exams.
Get your discount code >>

Example 5: Lease Premiums on grant of short lease

This topic has 1 reply, 2 voices, and was last updated 5 years ago by Tax Tutor.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
November 10, 2019 at 6:00 am #551929
fatimaumar
Member
- Topics: 1
- Replies: 0
Hi. The annual rent was due on 1 July 2018. Why is this not prorated according to the number of months within the tax year?
November 11, 2019 at 11:14 am #552024
Tax Tutor
Member
- Topics: 2
- Replies: 3965
The basis of assessment is actual cash received – NOT accrued.
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.