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Vigorous Plc

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Vigorous Plc

  • This topic has 1 reply, 2 voices, and was last updated 10 years ago by Tax Tutor.
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    Posts
  • August 14, 2015 at 9:29 pm #267228
    Muslim Farooque
    Member
    • Topics: 190
    • Replies: 134
    • ☆☆☆

    In calculating Andrea Linn benefits , the examiner has has taken 20% of furniture provided in the accommodation benefit, if that furniture is Use Of Asset Benefit then shouldn’t we take market value multiplied by 20%?

    August 22, 2015 at 3:59 am #268036
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    You should use 20% of the market value when FIRST made available for private use of an employee – I don’t have the text from which you are working to see the details of the question but hopefully this answers your query

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