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In example 6 of chapter 3 in the OT notes the answer says that the relief available is = 37200/20 = 1860 pa
But in the lecture and the notes it’s said that the calculation should be:
property income assessment of the landlord / Life of lease which in the example should mean that the answer is:
42200 / 20 = 2110 paPlease let me know if I’m misunderstanding something or if the answer in the notes is wrong.
Thanks!
The example asks for the relief available on the PREMIUM paid and the note refers to the “property income assessment on the landlord” in respect of the premium being “in addition to any rental cost incurred”,therefore use only the property income assessment for the premium paid in this calculation ie the 37,200
Apologies for delay in reply!
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