OpenTuition.com Free resources for ACCA and CIMA students

Free ACCA and CIMA on line courses | Free ACCA , CIMA, FIA Notes, Lectures, Tests and Forums

Example 5: Lease Premiums on grant of short lease

Home › Forums › Ask ACCA Tutor › Ask the Tutor ACCA Taxation TX-UK Exams › Example 5: Lease Premiums on grant of short lease

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

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • November 10, 2019 at 6:00 am

    fatimaumar
    Participant

    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

    Tax Tutor
    Keymaster

    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.