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Property Income

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Property Income

  • This topic has 1 reply, 2 voices, and was last updated 3 years ago by Tax Tutor.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
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  • March 26, 2022 at 3:41 am #651888
    vibess
    Member
    • Topics: 1
    • Replies: 0
    • ☆

    Can anyone explain how the Practice Question 8 of ACCA Opentuition Notes (TX-UK) 2022 was solved?

    March 28, 2022 at 1:39 pm #652118
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Aha! Thank you for telling me about this – it appears that the answer shown has clearly not been properly prepared!!
    There should indeed be a property loss of £3,500 in the first part of the question being rental income of £10,500 less expenses of £14,000 – the note covering the second part of the answer is correct.

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