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.

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November 4, 2019 at 7:19 am #551519

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