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Opentuition Tax, Chapter 3, Example 2, Here the rent received is 800 x 11.

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Opentuition Tax, Chapter 3, Example 2, Here the rent received is 800 x 11.

  • This topic has 2 replies, 2 voices, and was last updated 6 years ago by nirajacca.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • November 4, 2019 at 7:19 am #551519
    nirajacca
    Member
    • Topics: 1
    • Replies: 2
    • ☆

    My question is how can 11 months be because from 1 Jul 2018 to 5 Apr 2019, there are 10 months only when rent received in adfvance. so why does the answer is showing 11 months?

    November 5, 2019 at 6:27 pm #551622
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    It was 1 July when the NEW tenant moved in – there was an existing tenant at the start of the tax year – read the question carefully and do the calculation again

    November 10, 2019 at 9:27 am #551943
    nirajacca
    Member
    • Topics: 1
    • Replies: 2
    • ☆

    yes there was an existing tenant who didn’t pay for a month. now I have got my answer.

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