Use of Furniture -TX-Specimen mock

Hi Jilly,

Why in the model answer for question no 33

for the calculation of living accommodation benefit they added use of the furniture
even though they use the market value on 6 Apr 2023 which after the furnishing during Mar 2023

The rule clearly says

Basic benefit ( here it the annual value 4600)
+
additional benefit 1530 (m.v 143000 -75000)*2.25% total of 6130

I don’t know whether we should add the use of furniture here and why???

Thanks,

Suggested solution –Simon(a) Simon –Taxable income 2023-24

Employment income£Salary 24,250
Beneficial loan (84,000 at 2.25% x 4/12 630
Living accommodation –Annual value 4,600
-Additional benefit (working 1) 1,530
-Furniture (9,400 x 20% ) 1,880
132,890
Trading profit (working 2) 10,960
Property income (working 3) 5,940
49,790
Personal allowance (12,570)
Taxable income 37,22