- January 29, 2020 at 10:06 am
I am currently studying for the Tax UK paper in March 20. I am primarily using Open Tuition Notes & Lectures, however also purchased Kaplan Study Material just in case I need more understanding on a topic area.
The 1st issue which may in itself be the answer is that I accidentally purchased the Kaplan materials based on the Finance Act 19, however have been working around that challenge.
The Relief is as follows
Open Tuition – used against first future trading profits in full
Kaplan – used against future trading profits ‘BEFORE QUALIFYING CHARITABLE DONATIONS’. ALSO SAYS YOU CAN RESTRICT THE AMOUNT YOU USE, IE DON’T USE IT ALL AND SAFE FOR FUTURE YEARS?
Open Tuition – Use against Total Income (after qualifying int)
Kaplan – Use against ‘TOTAL PROFITS BEFORE QUALIFYING CHARITABLE DONATIONS’
Has the rules changed and in essence I just focus on the OT study info?
Heeeelp please 🙂
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