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Hello tax tutor…
Here is my question,I really what to know the right way,not what I thought….
Please work me through the right treatment please..,
1.an employee attached to official car whose maintenance exp was 360000,out of which the employee incurred 50000 privately and tax authority agrees that private element is 1/3…how do it treat the private element of 50000 he incurred in connection with the private element that will be charged to tax…(2018 tx year)
2.A house whose ratable value was 100000,while the company deduct 150000 from his basic salary,how is the excess amount of 50000 treated in respect to tax….
Not sure if you are studying TX-UK as the numbers make no sense plus you need to be studying the FA 2020 material currently online for the March exam – you must not use old out of date material!