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Something seems to b wrong. In the OT notes, the formula to get the taxable part of premiums received under property income is …
Premium, P X (51-n)/50.
BUT in BPP text (page 70), the formula is DIFFERENT!! It is …
P X 2%(n-1)
Which is corect, please?
Also, why is it I can’t get ASK THE TUTOR?
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Mate both are correct you can use the one that suits you better n just try to give your calculator a chance with both formula’s.
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