ptc june 06 paper

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
in question 1.2 of the above paper, could anyone tell me why there is a figre of 75000 taken off the cost of the flat. (i should know as i passed this section) but cant remember why i did it, thanks in advance

stuart

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Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:ptc june 06 paper

    Because you take that off the original cost and times it by 5%, then add annual value for assessable benefit.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:ptc june 06 paper

    That's the Tax free limit.

    Regards

    Dean
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:ptc june 06 paper

    thanks for the reminder

    stuart

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