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